Asset writedown contributes to Cabot’s net loss for 12 months to September.

Boston, Massachussetts — For the fiscal year ended 30 Sept., 30, 2005, Cabot Corp. reported a loss of $41 million compared with earnings of $124 million for fiscal year 2004. The 2005 figure included $183 million of after tax charges for some exceptional items and discontinued operations, compared with $14 million for fiscal year 2004. These charges related to Cabot’s supermetals business area, where the company re-evaluated many of its assets, reducing the book value by some $110 million.

For the full fiscal year, profitability in…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with