VIRGIN AUSTRALIA SAYS IT'S MAJOR SHAKE UP PUSHED THE AIRLINE TO A LOSS.

VIRGIN TOOK A 100-MILLION DOLLAR HIT FROM A FAST-TRACKED RESTRUCTURE THAT SAW THE COMPANY ADD BUSINESS CLASS SEATS, SWITCH TO A NEW TICKETING SYSTEM AND MAKE TWO BIG ACQUISITIONS.

THE AIRLINE MADE A NET LOSS OF 98 MILLION DOLLARS LAST FINANCIAL YEAR.

IT ALSO BOOKED 48 MILLION DOLLARS IN CARBON COSTS AS IT BOOSTED CAPACITY.

CHIEF EXECUTIVE JOHN BORGHETTI SAYS THE LOSS CAME DURING THE MOST AGGRESSIVE COMPETITION IN THE LAST TWO DECADES.

FALLING SALES IN AUSTRALIA AND EUROPE HAVE CONTRIBUTED TO A 17-AND-A-HALF PER CENT SLIDE IN HARVEY NORMAN'S FULL-YEAR PROFIT.

THE FURNITURE AND ELECTRICAL RETAILER HAS MADE 142-POINT-2 MILLION DOLLARS AFTER TAX, IN THE LAST FINANCIAL YEAR.

HARVEY NORMAN'S EARNINGS HAVE ALSO BEEN AFFECTED BY A PROPERTY WRITEDOWN WORTH 41-MILLION DOLLARS.

GLOBALLY, THE COMPANY'S SALES WERE DOWN THREE PER CENT.

THERE'S A MIXED REACTION ON THE MARKET TO THE PROFIT NUMBERS OUT

HARVEY NORMAN SHARES ARE UP FOUR AND A HALF PER CENT

VIRGIN'S DIPPED THREE-POINT-SEVEN

TELSTRA EDGED UP

AFTER A SLOW START THE AUSTRALIAN SHAREMARKET MANAGED A STRONG FINISH - WITH BANKS DRIVING GAINS

THE ALL ORDS ADDED POINT-EIGHT PER CENT

THE ASX 200 INDEX IS UP

ACROSS THE REGION...MOST MARKETS ARE WEAKER

JAPAN'S NIKK-AY HAS SLIPPED HALF A PER CENT

ON CURRENCY MARKETS THE AUSTRALIAN DOLLAR IS RECOVERING AGAINST LOWER

IT'S BUYING