Centro posts $101.5M profit, eyes further challenges in reorganization

08/29/2010 | Sydney Morning Herald (Australia), The

Centro Retail Group posted a $101.5 million profit for the first six months of the year, compared with its $2.4 billion lost in the same period in 2009. The rise was due in large part to stabilization property valuations in the U.S. and Australia. However, the company says it will still face challenges as it restructures and recapitalizes its substantial debt.

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Sydney Morning Herald (Australia), The

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