News

GFNZ (Geneva Finance) reduces first-half loss

Monday 12th of December 2011

The latest loss compares with the $0.95 million first-half loss last year and follows the $6.2 million net loss it made in the year ended March.

GFNZ's investors agreed to a moratorium in November 2007 when the company owed them $132.4 million. GFNZ says after paying the scheduled September 30 repayment early on August 31it has now repaid more than $119.5 million in principal and interes...

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