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Independence indicates turnaround

AFTER posting a hefty half-year loss in 2011, Independence Group is expecting to post a profit fo...

Kristie Batten
Independence indicates turnaround

For the December 2011 half, Independence posted a pre-tax loss of $167.8 million and a post-tax loss of $144.5 million, mainly due to impairment losses of $157.7 million recorded on the acquisition of...

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