Original article by Jonathan Shapiro
The Australian Financial Review – Page: 15 : 31-Aug-16
Slater & Gordon lost $A1 billion in 2015-16. The figure includes an impairment on goodwill of $A876 million related to the $A1.3 billion acquisition of the professional services division of Quindell in Great Britain. The Australian-listed personal injury law firm’s normalised profit of $A49.7 million reflected its earnings before tax depreciation, amortisation and movements in work in progress. Slater & Gordon’s problems are quite serious, resulting in negative net operating cash flow of $A104.2 million.
SLATER AND GORDON LIMITED – ASX SGH, QUINDELL PLC