Murchison lodges $20.3M half-year loss

MURCHISON Metals has lodged a half-year loss of $A20.3 million for the six months to December 2009, blaming lower iron ore prices and the rising Australian dollar for the bulk of the result, which is a $37.8 million turnaround from the same period the previous year.

Murchison lodges $20.3M half-year loss Murchison lodges $20.3M half-year loss Murchison lodges $20.3M half-year loss Murchison lodges $20.3M half-year loss Murchison lodges $20.3M half-year loss

Murchison declared a half-year profit of $17.5 million for December 2008 – though that was primarily based on the sale of its holding in Midwest Corporation in September that year.

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