Burlingame fails to please

Burlingame International posted a $165.09 million attributable loss for the year to March 31, down from a net profit of $40.66 million the year before. The firm made a $138 million exceptional loss on provisions for items including properties under development. Turnover rose 3 per cent to $1.1 billion, while it reported a loss per share of 38.89 cents against earnings of 9.59 cents the previous year. It will not pay shareholders a dividend while it paid five cents last year.