Spicers back in the black as CEO steps down

Spicers, formerly known as PaperlinX, has bounced back with a statutory profit after tax of $6.3m compared to a statutory loss of $90.8m for the prior corresponding period (pcp); the results come as its CEO Andy Preece announces he will leave the company.

Paperlinx enters new chapter

Paperlinx is set to change name to Spicers and focus on new acquisitions after its last European arm in Germany failed to find a buyer and fell into administration.

Paperlinx execs get pay cuts

Paperlinx executives are set to take a significant pay cut after the company’s European foray saw it lose more than $300m last financial year and move back to the Asia Pacific.

BEST OF 2012: Paperlinx year in review

Paperlinx had a tumultuous year with what seemed like an endless succession of poor financial results, key management changes and public leadership battles

Paperlinx writes down goodwill by $68.5m

The declining fortunes in paper is writ large in a $68.5m goodwill charge at Paperlinx, though its $108m loss was an improvement on last year, when it fell $225m into the red.

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