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The Bottom Line

It was announced today that the chemical giant Emronia UK is to be investigated. This follows an which revealed problems in the company’s . A company spokesperson said that annual for the past five years had given a and fair picture of Emronia’s financial position. He stressed that the company follows British accounting . But expert commentators are not convinced. Last year, Emronia reported a pre-tax of £29.6 million but many think that this was due to accounting - or worse. Giles Merchant, advisor to me Stock Exchange, said that the company was bleeding red but had hidden the size of its liabilities.


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