MELBOURNE, Australia (Aug. 16)—Pacific Dunlop Ltd. suffered a net loss of $75 million for the year ended June 30, based on a series of extraordinary tax writeoffs the company took to reflect reorganizing moves. The operating result from continuing businesses was $119 million in the black, albeit 11 percent down from a year earlier. Sales fell 27.3 percent, to $2.26 billion, reflecting the sale of assets during the year. For the current fiscal year, Pacific Dunlop expects to see earnings rebound as it completes the sale of certain assets and completes restructuring of others. Ansell Healthcare, Pacific Dunlop's largest unit, reported a 6.9-percent increase in operating profits, to $77.6 million, as sales jumped 20.4 percent, to $758.4 million. In particular, Ansell's sales in Europe increased "signficantly," Pacific Dunlop said.
Pacific Dunlop endures net loss for fiscal year
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