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freitasm

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#78212 1-Mar-2011 10:16
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According to the NBR, Kordia has reported a $18m loss. Kordia-owned ISP Orcon "was ahead of profit and revenue targets".

The state owned enterprise puts the blame on early digital switch over, with the report saying


As a result of the government accelerating its digital TV switchover timetable, the company recorded an impairment charge of $29 million (before tax), covering “the write-down of assets associated with analogue television transmission, and an increase in the make-good provision relating to sites on which the transmission equipment is located, chief executive Geoff Hunt said.

 




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old3eyes
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  #444418 1-Mar-2011 13:17
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When did they want the switch over 2020?? What was their budget , a $1000 / year??




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