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Trans Tasman Properties profit up but jitters mean shares slip 14pc

Friday 13th of February 2004

Executive chairman Don Fletcher said he was pleased with the result, which was up from the $1.3 million loss reported last year.

Trans Tasman's result was buoyed by gains from the full consolidation of Trans Tasman subsidiary Australian Growth Properties (AGP) last month.

Net surplus after such gains increased to $40.6 million, the company said.

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