Burning cash in Australia, that is, and how long can they continue losing down under ?
It is like Charles Dickens, a tale of two countries, Tiger made $53 million in Singapore over the last year but has lost in each of the three last years in Australia, chalking up a $9 million loss last year.
Here is CIMB’s take:
| Going down under in Australia... FY11 marks the third year of losses for Tiger |
For more of this report read here.
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