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Ascendis swings into a loss amid R4.2bn in write-downs

05 Nov 2019
The company swung into a normalised loss after tax of R459-m in its year to end-June, from a profit of R93-m previously, At the end of June its current liabilities of R8.6-bn exceeded its current assets of R8.2-bn, an insufficient solvency ratio. 
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