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Liberty: Losses again in 2009

26/01/2010 11:42
The results of Liberty Life are expected to be at the same level as last year. According to an announcement released today, “the losses are mostly attributable to the drop in the value of the Company’s investment portfolio, the increase in insurance reserves, the write-off of bad debts and the increase in the provision for bad debts”.

In 2008, Liberty accumulated losses of €1.9 million against profits of €1.1 million in 2007.