Troubled Leading Spirit (Holdings) suffered a loss of $995.12 million for the year to June 30 compared with a profit of $501.07 million in the previous corresponding period. The company's woes stemmed mainly from exceptional losses of $677.8 million, which included a provision of $634.35 million for doubtful debts. Another $22.99 million provision was made to cover the fall in value of securities investments. The company said its motorcycle business recorded a pretax loss of $564.48 million as a result of its failure to secure banks' trading finance and large accumulated doubtful debts since early last year. Leading Spirit last November managed to reach an agreement with its creditor banks to delay the repayment of a total of $1.07 billion in debt. The loss per share was 12.25 cents against earnings per share of seven cents a year earlier. No final dividend is being paid. Listed subsidiary Leading Spirit Conrowa Electric (LS Conrowa), reported a 19.27 per cent drop in attributable profit to $192.3 million for the year to June. Earnings per share were 2.4 cents, down from 4.3 cents a year ago. No dividend was declared. LS Conrowa was confident it could achieve its production target of one million television sets this year.