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July 11, 1992 | VICTOR F. ZONANA, TIMES STAFF WRITER
In its first detailed financial disclosure since seeking refuge in bankruptcy courts two months ago, Olympia & York Developments Ltd. said Friday that it lost $1.76 billion in the fiscal year that ended Jan. 31. The Toronto-based mega-developer said the loss would have been even greater had the company been able to quantify the "major deterioration" in the value of its uncompleted Canary Wharf project in London's Docklands.
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BUSINESS
July 11, 1992 | VICTOR F. ZONANA, TIMES STAFF WRITER
In its first detailed financial disclosure since seeking refuge in bankruptcy courts two months ago, Olympia & York Developments Ltd. said Friday that it lost $1.76 billion in the fiscal year that ended Jan. 31. The Toronto-based mega-developer said the loss would have been even greater had the company been able to quantify the "major deterioration" in the value of its uncompleted Canary Wharf project in London's Docklands.
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