{"id":11428,"date":"2018-02-16T15:35:42","date_gmt":"2018-02-16T02:35:42","guid":{"rendered":"http:\/\/propertynoise.co.nz\/au\/?p=11428"},"modified":"2018-02-16T15:35:42","modified_gmt":"2018-02-16T02:35:42","slug":"mcgrath-tumbles-25m-loss-john-remains-proud-excited","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/mcgrath-tumbles-25m-loss-john-remains-proud-excited\/","title":{"rendered":"McGrath tumbles to $25m loss; John remains \u2018proud and excited\u2019"},"content":{"rendered":"<p><strong>PHOTO:\u00a0\u00a0At a conference call with the media to present the group\u2019s FY18 half-year results, CEO Cameron Judson revealed that the embattled real estate company\u2019s woes continue.<\/strong><\/p>\n<p>McGrath Limited has tumbled to a net loss after tax of $25.5 million, after announcing a trading halt earlier in the day and after a \u201cmedia comment in relation to Mr McGrath\u201d came to light.<\/p>\n<p>Despite these challenging times, founder and incoming CEO John McGrath remains upbeat, saying that he is \u201cproud and excited\u201d to again be leading the business.<\/p>\n<p>He said that despite the challenges the company has endured since listing, McGrath remains one of the best real estate businesses in Australia with outstanding talent throughout the group.<\/p>\n<p>\u201cResidential real estate is one of the largest industries in Australia, as well as being the country\u2019s largest asset class, and we remain very well positioned to leverage our scale and quality brand for future success and growth.\u201d<\/p>\n<p>READ MORE <a href=\"https:\/\/www.realestatebusiness.com.au\/breaking-news\/16903-mcgrath-tumbles-to-25m-loss-john-remains-proud-and-excited\">REB<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO:\u00a0\u00a0At a conference call with the media to present the<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/mcgrath-tumbles-25m-loss-john-remains-proud-excited\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":11429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098596,478098595,478098635,478098513,478098579,478098510,478098514,478098511,478098533,478098509,478098532],"class_list":["entry","author-data123nz","post-11428","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-john-mcgrath","tag-mcgrath","tag-mcgrath-real-estate","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agent","tag-real-estate-news","tag-realtor"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>McGrath tumbles to $25m loss; 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