GPT Group, an Australian property trust, said its first-half loss widened after booking writedowns on property assets and a joint venture in Europe.

The net loss for the six months to June 30 was A$1.2bn ($1bn), compared with a A$67.7m loss a year earlier, according to a statement from the Sydney-based company today. Operating profit declined 22% to A$183m, the company said.

bloomberg.com