Tuesday 14th December 2010 |
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Geneva Finance has posted an improved six-month after-tax loss of $950,000, despite a 43% fall in revenue.
Revenue from ordinary activities fell to $5.26 million.
Geneva posted a loss of $2.6m a year earlier, for the six months ended September 30.
Geneva had paid about $100m in principal and interest to investors by the end of September. When the company entered a moratorium in 2007, it owed $142m to 3000 investors.
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