Oz APA Reports Loss in H1 Feb 23, 2021 2:53:am Summary by: Shardul Sharma Posted in: Oz APA Reports Loss in H1 Australian gas infrastructure company APA on February 23 reported a net loss of A$11.7mn (US$9.2mn) in the six months to December 31 (H1) owing to a non-cash impairment of A$249mn recognised against the Orbost gas processing plant. It has reported a profit of A$175mn in the H1 of the previous year. Profit after tax excluding significant item was down 7% year/year to A$163mn. APA’s revenue in H1 was A$1.07bn, down 0.6% yr/yr. The company said it will work on expanding its capabilities into high-growth infrastructure markets by investing in contracted and regulated energy infrastructure in Australia and North America.