News

Marac profits in turmoil

Tuesday 26th of February 2008
Marac has reported net profit for the six months to the end of December up 11% to $14m with revenue up 20%, helping parent Pyne Gould Corporation (PGC) to a 23% rise in net profit to $22.1m.

Marac has profited from troubled times in the finance company industry that has seen 14 companies collapse in two years.

Marac probably had greater opportunities in the past year or so than...

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