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Augusta posts $27m loss after heavy write-downs

The NZX listed property fund manager's tourism assets were hit hard by Covid-19.

Andrew Bevin Sat, 27 Jun 2020

NZX listed fund manager Augusta Capital has reported a $27.5 million loss for the “challenging” year ended March 31,  2020, driven by write-downs to its property assets.

The loss compares to a $6.95m profit in the 2019 financial year. Revenue was down 46% to $11.8m.

The company lost

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Andrew Bevin Sat, 27 Jun 2020
Contact the Writer: andrew@nbr.co.nz
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Augusta posts $27m loss after heavy write-downs
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