Writedowns push Ashanti into red

Writedowns in the fourth quarter of 1999 wiped out any earnings for Ashanti Goldfields (ASL-N).During the 3-month period, writedowns totalled US$233.1 million (or $2.08 per share). Before these writedowns, the Ghana-based company earned US$3.3 million (or 3 per share); after...

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