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News Article

August 01, 2011
JS Johnson Sees 8.9 Profit Fall

JS JOHNSON SUFFERED an 8.9 per cent net income decline to $2.619 million for the 2011 first quarter, its managing director describing the period "as a bit sluggish" and blaming the drop largely on an 11 per cent profitability fall at its underwriting affiliate.

Marvin Bethell, in his message to shareholders, said that the net income fall for the three months to end-March 2011 was "due primarily...

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