GPT sees losses widen

By A staff reporter 2009-08-28T00:00:00

Australia's GPT Group reported a loss of A$1.2 bn (EUR 701 mln) in the first half, reflecting the write-down of its European joint venture with Babcock & Brown for A$1.09 bn. This compares with a A$67.7 mln loss a year earlier. Operating profit declined 22% to A$183 mln, the company ...