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AUSTRALIA: Cranswick confirms $23m loss

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Following its statement last week that it was set to report a A$23m loss, Cranswick Premium Wines Ltd duly posted a net loss for the 2002 fiscal year of A$23.4m, against a net profit of $3.02m for the previous year. However, the company said that it had begun the 2002/2003 fiscal year with strong sales.


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