Aevum has announced $28.6m profits for the 2010 financial year. The profit announcement provides futher ammunition in Aevum's bid to repel Stockland's low ball takevoer offer. The new figures represent an upswing of 25% from the 2008-9 financial year when Aevum posted a $12.2 million loss. During 09/10, Aevum's average sales price increased 2% and they sold 240 ILU's, representing a 76% increase in turnover from the previous year.
Five Prime Trust directors found to a breach their duties when handing over $33 million to Bill Lewski
Corporate watchdog ASIC was successful in the Federal Court, obtaining a ruling that the five former directors of Prime Trust are liable for breaching their duties as officers of the trust APCHL. They agreed to the amendment of the Constitution of...