Printer Friendly

Bond Corp. Holdings reports losses.

Bond Corp. Holdings reports losses

Australia's Bond Corp. Holdings Ltd. has reported an operating loss of $512.7 million for the nine months ended June 30, compared with a loss of $853.9 million during the 15 months ended October 1990.

According to a report in the Wall Street Journal, Bond Corp., which has changed its fiscal period several times over the last two years, the company's sales revenue dropped 96 percent to $270.7 million from $530 million.

Bond Corp. directors blamed the loss on write-downs of investments, the deconsolidation of certain subsidiaries including G. Heileman Brewing Co., and accrued interest costs.

The losses are "in line with directors' expectations and don't impact adversely" on the company's corporate restructuring plans, according to directors.
COPYRIGHT 1991 Business Journals, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Bond Corporation Holdings Ltd.
Publication:Modern Brewery Age
Date:Oct 7, 1991
Previous Article:Friends Brewing offers Oktoberfest.
Next Article:MBAA members meet in Calgary.

Related Articles
Bond Corp. sells brewing interests.
Bond makes bid on J.N. Taylor Ltd.
Bond Corporation posts 1989 losses.
Bond Corp. Ltd. still in trouble.
Bond Corp. will sell NY hotel to FAI.
Bond Brewing Ltd. misses payment.
Heileman debts topped $1 billion.
Restructuring of Bond Corp. won't help G. Heileman, analysts believe.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters