Cheap Insurances News
Fai Blames Loss On Shaky Equity Market
Wednesday October 14, 1998
FAI Insurances yesterday revealed a pre-tax loss of $22.4million for the first quarter, compared with its latest full-year result of a $4.7million loss. It blamed volatile equity markets for the massive slump in profitability. FAI's chief executive, Mr Rodney Adler, said the loss in the first Fai Down To $22.4m Loss In First Quarter
Wednesday October 14, 1998
FAI Insurances yesterday revealed a pre-tax loss of $22.4 million for the first quarter, compared with its latest full-year result, a $4.7 million loss. It blamed volatile equity markets for the big slump in profitability. FAI's chief executive, Mr Rodney Adler, said the first quarter's loss w