Mayfair in $6M loss
PA WellingtonListed property investment company Mayfair Corp, has posted an unaudited bottomline loss for the six monthsended September of $6,211,000, ($4,121,000 profit, in the previous corresponding period). The result includes a writedown of $5 million on the. value of current development > projects in addition to a simi-. lar $5 million provision made . in March.
The company made a trading loss of $565,000, ($2,106,000 profit). No tax was paid in either period. Minority interests added $646,000 to the loss ($835,000 deduction previously), making a trading loss of $1,211,000 ($1,271,000 profit).
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Press, 24 December 1988, Page 20
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93Mayfair in $6M loss Press, 24 December 1988, Page 20
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