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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...
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