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Dorchester posts $35m loss

Monday 1st of December 2008
The net loss was $35 million in the six months ended September 30, from a year-earlier profit of $3 million, the company said in a statement.

Dorchester is awaiting a vote by investors on its proposal to defer repayments. If the proposal failed to win support, Dorchester would likely be placed in receivership, it said. The loss includes $21.3 million to write down them value of its St Laur...

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