In 2007 investors, including the Ontario Teachers Pension Plan, bought Yellow Pages from Telecom for $2.2 billion.
Mr Cotterill told NBR one-off costs during the year to the end of June included a $195m goodwill impairment made necessary by the global financial crisis. The group also had to pay $191m in interest.
Putting one-off items aside, and adding full year results from the Finda division, bought from APN in February, "proforma" ebitda profit was $166m, up 0.6 percent from the previous year, Mr Cotterill said.
Reported revenue edged up $4m to $297m.
