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Great Southern posts loss, sells asset

1-December-08 by Rebecca Lawson

Agribusiness Great Southern has signed a conditional agreement to sell its Queensland asset for a discounted $23 million as it posts an annual loss of over $64 million.

In an annual update for the year ending September 30, Great Southern said that before a goodwill impairment charge of $30 million before tax, the operating loss was $33.8 million.

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