Gunns extends H1 loss to $173M

Company News

Gunns Limited (ASX:GNS) has extended its first half net loss to $173.3 million from $4.65 million the year before.

The forestry company says business conditions continue to be affected by the high value of the Australian dollar against the US dollar which its competitor’s products are priced.

Gunns expects market conditions to stay difficult while the Australian dollar remains strong.  

No interim dividend has been declared.