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BRIEFLY

February 16, 1988

Australian entrepreneur Robert Holmes a Court revealed that his Bell conglomerate lost more than $750 million in the October stock market crash. Holmes a Court said his companies, the Bell Group and Bell Resources, made "severe one-off writedowns in the value of their listed investments to recognize the effects of the October, 1987, share market crash." Stock market losses eroded Bell Group profits by more than $355 million, Holmes a Court said. Bell Resources' share losses and writedowns topped $399 million.

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