PGC reports loss
Monday, March 3rd 2014, 10:41AM
Pyne Gould Corporation has reported a $6.6 million loss for the six months to December 31, after a profit of $1.9m for the same time in 2012.
The investment company has been split up and sold off over recent years – and remains mostly as fund management firm Torchlight. Perpetual Group and van Eyk were sold last year.
Its main business, Marac Finance, became part of Heartland Bank.
Torchlight brought in $3m in management and trustee-fee income.
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