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    They reduced their debt from £6.2billion down to £2.8billion = a writeoff of £3.4 BILLION

    Last year the they made about £1.3million profit down from £30million the year before and £0.8million the year before that

    http://news.bbc.co.uk/1/hi/business/7335991.stm

    Without the write-off it would probably NEVER have paid off it's debt and made any profit.

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