Original article by Tess Ingram
The Australian Financial Review – Page: 13 & 26 : 23-Aug-17

Listed conglomerate Seven Group Holdings has posted a 2016-17 net profit of $A44.5m, which is 77.4 per cent lower than previously. The result was marred by impairment charges associated with Seven West Media. Seven Group’s EBIT of $A333.3m was 10 per cent higher than previously, and the group forecasts EBIT growth of 5-10 per cent in 2017-18. Meanwhile, Seven has struck a $A540m deal to sell the Chinese division of its WesTrac heavy equipment business to Lei Shing Hong Machinery.

CORPORATES
SEVEN GROUP HOLDINGS LIMITED – ASX SVW, WESTRAC HOLDINGS PTY LTD, WESTRAC CHINA COMPANY LIMITED, LEI SHING HONG MACHINERY, CATERPILLAR, COATES HIRE LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, BEACH ENERGY LIMITED – ASX BPT, LATTICE ENERGY LIMITED, ORIGIN ENERGY LIMITED – ASX ORG, GOLDMAN SACHS AUSTRALIA PTY LTD