Austrim admits it's a struggle
Stewart Oldfield
Mr Kerry Stokes's Austrim yesterday admitted that it faced a struggle to return to profitability and pay down debt, but said that despite past problems its financiers still supported the company.
At the annual general meeting of the diversified industrial, which breached banking covenants earlier this year because of a $400 million debt mountain and massive writedowns, company executives said that Austrim continued to have the support of its bankers.
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