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Tower returns to profitability
Thursday 27th of May 2004
Tower has reported a significant turn-around in profitability, mostly reflecting much smaller write-offs and the problematic Tower Australia moving from losses to profits.The company reported a $20.5 million net profit for the six months ended March compared with a $148.9 million net loss in the same six months a year earlier.
One-off losses fell to $5.7 million compa...
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