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Pacific Dunlop shares fall 5% on interim results

This article was originally published in Clinica

Executive Summary

Shares of Pacific Dunlop, the Australian conglomerate troubled by Telectronics' faulty pacemaker leads, slid 5% in response to the interim results announced last week. These showed a fall in profits compared with a year earlier. Pacific Dunlop's shares closed at Aus$2.86 ($2.20) on February 15th, down 5% from the previous day. In total, the shares have fallen 30% since the lead problems first surfaced.





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