Costs send Nido to a loss

Falling to a loss: mounting costs led Nido to a negative result during the first half of the year despite a rise in revenue

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Josh Lewis

, Josh Lewis

 01 September 2011 09:23 GMT

Australia-listed Nido Petroleum slide to a half year loss as one off costs related to an unsuccessful drilling campaign and the abandonment of a field off the Philippines hit the company’s bottom line.

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