SYDNEY, Australia (AP) - Embattled Australian financial services company AMP said Wednesday it lost 896 million Australian dollars (US$538 million) in 2002, mainly because of the plummeting British stock market.
Total writedowns and restructuring costs in calendar 2002 were A$1.57 billion (US$942 million). Before those expenses and other one-off items, net profit fell to A$495 million (US$297 million) from A$667 million (US$400 million).
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