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15/09/2011 - 15:48

VDM confirms $35.5m FY loss

15/09/2011 - 15:48

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VDM Group has confirmed a full year net loss of $35.5 million for the year ended June 30, driven by $39.2 million in writedowns and a slowdown in revenue.VDM first forecast a loss of between $35 and $40 million for the 2010-11 financial year in June.

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