Doray flags $71m loss | Business News – Australia News

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Doray Minerals has flagged a $71.7 million net loss for the 2017 financial year, on the back of a large impairment charge.

Perth-based Doray said revenue would come in 40 per cent higher to $183 million, but profit would dip into the red after a $16.5 million profit in FY16.

The company has foreshadowed a $69.5 million non-cash impairment, with $47 million previously reported in its half-year accounts associated with the shutdown of operations at its Andy Well mine, and a write-down in the value of its Deflector operation.

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