ALS takes hit on coal business

LABORATORY testing group ALS has taken a $40 million impairment hit to its bottom line because it believes it coal business will be eroded by the growth of renewable energy.

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ALS takes hit on coal business ALS takes hit on coal business ALS takes hit on coal business ALS takes hit on coal business ALS takes hit on coal business

The half year statutory result was a net loss after tax of $8.9 million, compared with a net profit of $48.7 million recorded in the half year to September 2016.

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