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stock-market-ticker-displaySlater and Gordon has announced that it expects to make losses of more than A$1bn (£577m) for the 2015-16 financial year.

In an announcement to the Australian Stock Exchange, the listed firm said net loss after tax for the second half of 2015-16 is expected to be A$59.3m (£34m), which when added to its losses of A$958.3m (£553m) for the first half of the year, gives the firm a full-year net loss of A$1.02bn (£587m).

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