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Financial Resources clarifies

PERTH-based commercial lending specialist Financial Resources has clarified a previous announcement to the ASX in which it forecast estimated revenues and profits from a joint venture with South African water control company Sovereign The company had previously estimated net profit after tax of $2.6 million next financial year, rising to $3.8 million the following year, from the joint venture. However, Financial Resources has clarified this announcement, with a statement that this estimate would be attributed to the joint venture, and that the company would receive a share from those profits.

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