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Should we shed a tear for Zamano?

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  • 20-05-2011 10:18am
    #1
    cookie1977
    Registered Users Posts: 6,794 ✭✭✭


    Today's Irish independant has a brief article on Zamano.
    http://www.independent.ie/business/irish/zamano-wont-panic-after-assets-plunge-2652791.html
    THE chairman of Irish mobile services provider Zamano has told shareholders that it doesn't need to take any fresh measures to bolster its finances after its net assets fell to less than half that of its share capital.

    Chairman Mike Watson said the company's directors remain confident that a "degree of stability" has been achieved. Sales at the company fell 37pc last year to €15.8m racking up €13.4m in losses, compared to a €1.05m profit a year earlier.

    Ahhh. Poor Zamano.


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    #2
    srsly78
    Registered Users Posts: 7,157 ✭✭✭srsly78


    Makes me rage that the Irish state funds a scam company, and holds it up as a shining example of the "smart economy". :mad:


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    #3
    theteal
    Registered Users Posts: 7,593 ✭✭✭theteal


    srsly78 wrote: »
    Makes me rage that the Irish state funds a scam company, and holds it up as a shining example of the "smart economy". :mad:

    Theft is vigorously endorsed in this state, damn straight Zamano should be the poster boy!


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    #4
    krudler
    Registered Users Posts: 34,788 ✭✭✭✭krudler


    you have been entered into a draw for economic stability, text "BAILOUT" to unsubscribe..

    no loss if they go under


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