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Lowe’s: Winding-up of joint venture burdens net result

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Published in issue 48/2016
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The net result achieved in the third quarter of the 2016/2017 financial year (31 January) by the US-American DIY-superstore concern Lowe’s Companies Inc., Mooresville (North Carolina), showed year-on-year decline of almost 50% to US$379m (Aug.-Oct. 2015: 736m). The pre-tax result was down by roughly 36% to US$776m ...

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