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Chris Small: ABC Business Sales Managing Director on the number of businesses reporting losses
More businesses are reporting losses but things may not be quite as bad as the numbers make it seem.
Inland Revenue data shows one in five businesses aren't turning a profit.
But ABC Business Sales Managing Director Chris Small says most of those are businesses structured to make a loss, like trusts and property companies.
He told Mike Hosking the situation he's seeing is far more positive.
Small says 90% of businesses that are coming to see him are making a profit, with others making a paper loss.
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Published on 4 months ago