Strathmore report
PA Wellington The directors of' Strathmore Group said the outcome of a legal investigation into the company’s affairs undertaken by Chapman Tripp Sheffield Young should be available in the second week of December. The company reported an unaudited loss of $32.5 million, against $85,000 in 1986, for the July year which included $20.3M losses on asset sales post-balance date. ■ Shareholders’ funds at July 31 were SII.IM, giving the company a net asset backing of 17.7 c a share, the directors said. Shares closed at 15c yesterday.
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Press, 1 December 1987, Page 50
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88Strathmore report Press, 1 December 1987, Page 50
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