
News
NZF writes down value of Mike Pero joint venture
Monday 31st of May 2010
The financial services company made a full-year loss of $4.6 million, compared to $3.4 million a year earlier, after it was forced to impair the value of its MPMH joint venture with Mike Pero Mortgage's by almost $7 million. Excluding the impairment loss, NZF turned around its operating performance to report a $3.4 million profit, from a $4.8 million loss in 2009.
Managing...
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