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BP Marsh reports 1.7m losses
Private equity firm BP Marsh reported a full-year net loss of £1.7m, compared to last year’s profit of £4.8m, as net asset value (NAV) dipped 3.8 per cent from £45.61m in the year ending 31 January 2008, to £43.88m.
Underlying loss before tax excluding unrealised losses was £0.5m, compared to a profit of £0.5m last year, largely due to the disposal of investments at less than their carrying value.