PAG primeag australia limited
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News: PrimeAg settles insurance claim

  1. FNN News
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    07/01/13
    10:42
    Post #: 11256865
    .


    PrimeAg Australia Limited (ASX:PAG) says it has settled $2.2 million of an insurance claim with Pacific Underwriting Corporation.



    The claim relates to damage caused by the Queensland floods in December 2010.



    PrimeAG incurred a total of $2.5 million in damage due to heavy rain falling across southern and central Queensland.



    The farming group has also been impacted by falling commodity prices and a high Aussie dollar.


     


    PrimeAg generated as a net profit of $5 million for the 2012 financial year.

    PAG Price at posting: $1.15 Sentiment: None Disclosure: Held
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