News

Schaffer takes majority holding in ALH

15/10/2001

Schaffer Corporation Limited has moved to increase its stake in Australian Leather Holdings (ALH) from 42% to 83%. The proposed acquisition follows Schaffer's recent announcement of a record full year operating profit before tax of $10.9 million and net profit after tax of $8.0 million for the year ending 30 June 2001.

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