News

GFNZ (Geneva Finance) narrows annual loss

Thursday 14th of June 2012

The company made a $1.6 million net loss in the year ended March compared with a $8.6 million loss last year.

The net loss from its old ledgers fell to $2.6 million compared with $9.7 million the previous year while net profit from its new business rose to $0.9 million from $0.45 million. Profit from its insurance business rose to $0.268 million from $0.226 million.

"The new busin...

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