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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.
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Title Annotation:Bond Corporation Holdings Ltd.
Publication:Modern Brewery Age
Date:Oct 7, 1991
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