valuation

Macquarie Infrastructure Group, a major international tollroad operator says in a statement to the Australian Stock Exchange that a preliminary calculation of its portfolio value at June 30 is $4.1b (A$5.1b.) This is 28.2% below the valuation for the same tollroad assets at the end of 2008 which was $5.7b (A$7.1b.) That in turn was a downvaluation on earlier numbers. (A$1.00 = US80c)