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Mayberry Investments CEO Gary Peart.
Mayberry Invest-ments Limited has haemorrhaged nearly a billion dollars at the bottom line this year, but CEO Gary Peart is upbeat, based on the company’s report of third-quarter earnings that, while smaller than last year’s, were positive.
The brokerage was $332 million in the black for the third quarter, down 25 per cent year-on-year, but still $956 million in the red over nine months ending September, mostly due to write-downs on its large equity investments amid a stubborn bear market that has been unable to shake its COVID infection.
For a better take on the results, Peart opted to look back two years.