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High costs plunge UDL Holdings deeper into debt

HIGHER operating costs, including a HK$18.6m ($2.4m) writedown on its Singapore yard, led marine engineering company UDL Holdings to plunge deeper into the red with a HK$27.2m net loss for the year to July 31, compared with a HK$975,000 net loss in the same period of 2008, writes Keith Wallis in Hong Kong .

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