RIC 0.72% $2.79 ridley corporation limited

Ann: Annual Report to shareholders, page-3

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  1. 425 Posts.
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    Hi rc, Your question is a good one. I have been critical on the lack of info provided by the company re the Huon receivable. As best I cam make it out, RIC took the write-off of 1 mil on its own books but the setllement to Huon of some $5 mil seemed to have been covered by insurance of some sort i.e., it did not hit RIC's books. There was something of an announcement/explanation of this ilk some long time ago. Cheers.
 
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