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Simultaneously, we continue to focus on our subsidiaries and associate companies, beside complementing our core operations,o Sayegh said.
Ofwat said the fine covered the utility's deals with its associate companies, including installing and maintaining water meters without testing its prices in the wider market.
The 2002 result was dragged down by losses from associate companies and from securities sales, and by higher expenses.
Network HR Recruitment, which specialises in recruiting human resources professionals, joins over 90 other associate companies within the Meridenbased group.

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