News

St Laurence reports $87.2m loss

Wednesday 3rd of June 2009

The result is a huge turnaround on the $28.5 million profit recorded in the previous year. The company says a major contributor this year was a $52.6 million decrease in the value of its property portfolio.

This fall equates to a drop in value of 13% across the combined investment and development/joint venture property portfolio. The development/joint venture property portfolio recorded...

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