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A Diploma Group subsidiary developed 176 Adelaide Tce. Photo: Attila Csaszar
Diploma entities have a win on bonds
Tuesday, 10 October, 2017 - 14:58
QBE Insurance Group has recorded one win and one loss this month as it battles in the Supreme Court for the financial scraps left after the collapse of Perth companies Capital Works Constructions and Diploma Group.
Two entities associated with Diploma – Swanhill Enterprises and 176 Adelaide Terrace (176 Adelaide) – had a tactical win over QBE after the Supreme Court upheld performance bonds and maintenance bonds issued by the insurance group.
Swanhill was an entity related to the Di Latte family, which ran ASX-listed Diploma Group.
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Diploma Group (DGX)
Share Price
Closing price for the last 90 trading days
Source: Morningstar
Share Transactions
Total value as at the date of the transaction
Source: Morningstar
Revenue
| 41st |  | Finbar Group | $125.8m |
| 42nd | | Veris | $107.9m |
| 43rd |  | Diploma Group | $90.5m |
| 44th |  | Kresta Holdings | $87.8m |
| 45th | | Neptune Marine Services | $82.6m |
232 listed industrial companies ranked by revenue.
Source: Morningstar
Source: Morningstar
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Show moreIt is important to note that the Morningstar information displayed by Business News is not to be copied or distributed except as authorised; and that such information is not warranted to be accurate, complete or timely and that neither Morningstar nor Business News are responsible for any damages or losses arising from any use of this information.
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