News

Allied Farmers writes down Hanover assets further

Thursday 1st of March 2012

That was down from its $20.6 million loss in the same six months of 2010. Most of the latest losses were from the restructuring of its rural division.

The investment division made a $4.2 million loss, down from $13.6 million in the previous first half, which included a further $3.6 million write down of the Hanover assets.

The company says this was because several of the propertie...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.