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Statement SYDNEY, 19 December, 2001 -- In an interview with Reuters on 18 December, 2001, Mr. Fred Hilmer, Chief Executive Officer of John Fairfax Holdings Limited [ASX:FXJ], reiterated previous statements to the market that, without a pickup in advertising demand, the profit for the 2002 financial year could be well below the 2001 result. Mr. Hilmer also reiterated the Company's previous statement that f2's loss is expected to fall significantly over the 2002 financial year, subject to economic conditions. - ENDS - |
