Kowalski Posted February 11, 2010 Report Posted February 11, 2010 So it's not just Willie then! Stewart Milne Group hit by £27 million losses Aberdeen FC chief confident of getting back in profit By Andrew Whitaker political reporter Published: 11/02/2010 THE building firm run by Aberdeen Football Club chairman Stewart Milne made losses of £27 million, it was revealed. Today Mr Milne told the Evening Express his building firm’s first loss in its 38-year history was a “one-off†– and insisted it would soon be back in profit. He said: “We had a one-off loss during the last financial year. “This was due mainly to the write down in land and 400 redundancies, which we see as being behind us now. The target for the next year is to get back into the black.†Quote
tsr Posted February 11, 2010 Report Posted February 11, 2010 How much of it is a cash loss anyway? He says partly due to land write down so thats just a paper loss surely? Quote
mizer Posted February 11, 2010 Report Posted February 11, 2010 How much of it is a cash loss anyway? He says partly due to land write down so thats just a paper loss surely? Indeed, including Pittodrie. Quote
bilbobaggins Posted February 11, 2010 Report Posted February 11, 2010 What does including Pittodrie mean? Quote
El Padre™ Posted February 11, 2010 Report Posted February 11, 2010 How are his chippys getting on? Quote
TENEMENTFUNSTER Posted February 11, 2010 Report Posted February 11, 2010 How are his chippys getting on? Sounds like a few of them got laid off. Quote
tom_widdows Posted February 11, 2010 Report Posted February 11, 2010 Construction firm posts losses in time of recession oooh the sensation of it all Quote
baggy89 Posted February 11, 2010 Report Posted February 11, 2010 £27m is pocket change for him Exactly, he should try looking down the back of his sofa. Although, given his grippiness, is it not likely that it may have just rotted away to nothing in the permanent darkness of his wallet? Quote
Reekie_Red Posted February 13, 2010 Report Posted February 13, 2010 Considering the construction industry has been hit the hardest out of all industries in the global recession, a loss of £27m is a decent result for SMG. They'll come roaring back in the next three years, and the fact that SMG has survived the recession whilst a lot of other construction firms have folded means things will only get better for SMG. Quote
Aberdeen_Ladette Posted February 13, 2010 Report Posted February 13, 2010 I read somewhere that SMG expects to be back in profit next year Quote
Aberdeen_Ladette Posted February 13, 2010 Report Posted February 13, 2010 Somewhere? Its in this thread That'll be where then!! Quote
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