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Why Did CVC Limited’s Losses Triple Despite Strong Cash Reserves?
6:02pm on Tuesday 24th of February, 2026 AEDT
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Real Estate
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Why Did CVC Limited’s Losses Triple Despite Strong Cash Reserves?
6:02pm on Tuesday 24th of February, 2026 AEDT
Key Points
Net loss after tax of $6.7 million, worsening from $1.6 million loss prior year
No interim dividend declared due to future cash flow commitments
Property portfolio impacted by $2.4 million impairment on Melbourne townhouse project
Refinancing of loans and loan notes boosts cash reserves above $51 million
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