News

Hubbard injects $40m into SCF

Friday 3rd of July 2009

Based on conservative assumptions a $58 million provision (non-cash) will be taken for non-performing investments and doubtful property assets in the financial year to 30 June 2009. As a result SCF now expects to report a net loss before tax of approximately $37 million for the financial year. Prior to the write-down, a net profit before tax of $21 million was projected.

The group is bud...

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