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Saga owner Acromas reveals £529m loss

16 August 2010 Organisations & Operators

Acromas Holdings - which owns Saga Holidays - has revealed a £529 million annual loss as huge interest payments on debt eclipsed strong sales. The Folkstone-based group, which also owns the AA, saw an operating profit of £183.5 million dwarfed by debt repayments of over £700 million.