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