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Alumina blames surprise loss on global crisis

Alumina was forced to scrap its dividend a year ago to conserve cash as the industry suffered a severe downturn, but with the recovery underway it said it would pay out 2 cents a share for 2009 and expected better dividends this year. Alumina shares , though, fell in early trading, dropping

Alumina unveils $26m loss in 2009

AAP Alumina Ltd, minority partner of the Alcoa World Alumina & Chemicals (AWAC) group, has blamed the global financial crisis after revealing a $26 million net loss in 2009. The company said it made a net loss of $26 million, and an underlying loss after tax of $2 million. But

Alumina unveils $26m loss in 2009

Alumina Ltd , minority partner of the Alcoa World Alumina & Chemicals (AWAC) group, has blamed the global financial crisis after revealing a $26 million net loss in 2009. But Alumina chief John Bevan said the outlook for improved returns for shareholders has strengthened. "The 2009

JB Hi-Fi profit keeps on rockin"

Mr Uechtritz, who led a private equity consortium to seize control of the retailer in 2000 and then steered its successful public float in 2004, said he would step down in July or August, to be replaced by his close colleague, the present chief operating officer, Terry Smart. News of his exit

JB discounted as boss jumps ship

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JB HI-FI has announced that long-serving chief Richard Uechtritz will soon retire. The highly regarded Mr Uechtritz, who led a private equity consortium to seize control of the retailer in 2000 and then steered its successful public float in 2004, said he would step down in July or
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Corporates: HVN, VBA, RMD

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Harvey Norman reported yesterday that sales for the six months to December 31 were $3.27 billion against $3.15 billion in the previous corresponding period, representing a lift of 4%. The shares closed down 10 cents, or 2.7 %, at $3.62. Although the company said sales for the month
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Harvey Norman silent partner wins $14.6m slice of success

Filings lodged with the corporate regulator show Dimbulu paid a $14.6 million dividend in 2009 to its only shareholder, a private company controlled by Ian Norman and his wife Shirley. Mr Norman, who remains a non-executive director of Harvey Norman and its second largest shareholder with a

$15m for Harvey Norman co-founder

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Filings lodged with the corporate regulator show Dimbulu paid a $14.6 million dividend in 2009 to its only shareholder, a private company controlled by Ian Norman and his wife Shirley. Mr Norman, who remains a non-executive director of Harvey Norman and its second-largest shareholder with a
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U.S. Dollar Extends Advance Ahead of Non-Farm Payrolls, Japanese Yen Gives Back

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Talking Points •    Japanese Yen: Losing Ground Following Yesterday’s Sharp Rally •    Pound: U.K. PPI Tops Forecast •    Euro: German Industrial Outputs Tumble Lower in December •    US Dollar: Non-Farm Payrolls, Consumer Credit on Tap U.S. Dollar Extends
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Harvey Norman H1 sales up 4%

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Retailer Harvey Norman Holdings Ltd has reported a four per cent increase in first half sales and expects first half profit to increase by more than 40 per cent. Like-for-like sales for the half increased by 2.5 per cent. Australian sales for the first half were up 6.4 per cent and
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