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Avaplas sets aside $428,000 for impairment of receivables

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Avaplas says it has provided an allowance for impairment of receivables of about $428,000 for the period ended 30 September 2009 as one its customers has gone into liquidation. The higher allowance for impairment of receivables will have a material impact on the half year results for the period ended 30 September 2009, says the company.

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