Mowbray lifts result

Auctioneer Mowbray Collectables has improved its reported annual loss following an audit, narrowing the result by $63,000 to a $166,000 deficit.

Otaki-based Mowbray posted a loss of $238,000 a year earlier, when it wrote down the carrying value of its Australian business by $330,000.

- NZPA

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