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Impairments widen PAs losses

Published by Punch on Thu, 16 Feb 2012


Swedens PA Resources sunk deeper into the red during 2011 as impairment losses took their toll on the companys bottom-line, while revenue was also down on lower production. The company posted a loss of nearly Skr2.1bn ($315m) for 2011, a large leap from a loss of Skr316.4m booked during 2010. The majority of the loss
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