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COPYRIGHT 2004 Asia Pulse Pty Ltd
SYDNEY, March 31 Asia Pulse - Investment company HHG Plc (ASX:HHG) said today that it had recorded a net loss of 848 million pounds (US$1.5 billion) in 2003 but announced it plans to place more than 246 million shares to acquire the remaining stake in HHG Invest Plc.
HHG said that it had achieved an operating profit before tax of 98 million pounds, compared with 108 million pounds in 2002, and that the result included a significant improvement in the second half of 2003.
The loss was a result of writedowns,...
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