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Tower's NZ businesses shine

Thursday 27th of November 2003
The company reported, yesterday, a $148.9 million bottom-line loss for the 12 month period to September 30. While it made a loss in the first half of the financial year, it reported a small operating profit of $5.5 million in the second half.

The standout of its four divisions was insurance in New Zealand which reported an after-tax profit of $21.8 million. Its local investment business reporte...

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