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INVESTORS INSPECT SHARE PRICES OUTSIDE THE SYDNEY STOCK EXCHANGE, 1998-05-31 (photo)

IMAGE number
REU8262803
Image title
INVESTORS INSPECT SHARE PRICES OUTSIDE THE SYDNEY STOCK EXCHANGE, 1998-05-31 (photo)
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Medium
photograph
Date
1998 AD (C20th AD)
Shooting Date
1998-05-31
Image description

Investors are refelcted in a window as they look at stock prices on the 'Wonderwall' located outside the Australian Stock Exchange in Sydney June 29. Stocks in Australia's third largest company, Broken Hill Petroleum (BHP), plummeted 3.7 percent today as a result of the announcement that writedown in assets for the company have totalled A$3.05 billion (US$1.83 billion). The writeoffs for the 12 months to May 31, 1998, have turned a A$1.3 billion (US$780 million) operating profit after tax into a A$1.47 billion (US$882 million) loss. DG/JIR/ME

Photo credit
REUTERS / Bridgeman Images
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