Austrim says loses A$151.98 mln in 2001/02

Newswire

SYDNEY, Aug 26 (Reuters) - Struggling Australian manufacturer Austrim Nylex Ltd posted a A$151.98 million ($82 million) year net loss on Monday as it pushed ahead with restructuring, but said its 2002/03 result should be better. "The directors are confident that the writedowns and provisions incurred will position the company for an improved performance in 2002/03," Austrim said in a statement to the Australian Stock Exchange. The group, which makes automotive products, said earnings ...

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