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Why Did Papyrus Australia Impair Its Egyptian Joint Ventures to Zero?

11:12am on Monday 21st of July, 2025 AEST Sustainable Materials
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Why Did Papyrus Australia Impair Its Egyptian Joint Ventures to Zero?

11:12am on Monday 21st of July, 2025 AEST
Key Points
  • Full impairment of PPYEg and EBFC investments to nil
  • Issues cited include lack of returns, operational transparency, and corporate governance
  • Shareholding interests remain unchanged despite write-down
  • Impairment announced ahead of 2025 audited financial results
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