Bond Corp.’s Loss a Record in Australia

Bond Corp., the flagship company of Australian tycoon Alan Bond, on Friday announced the largest loss in Australian history.

The media, brewing and natural resources concern said it chalked up a net loss of $610 million in the year ending June 30, after making a profit of $266 million in 1988-89.

Directors of the heavily indebted company blamed the results on sales of assets forced by Bond Corp.’s rapid growth and insisted that the corporation remains a viable concern.