News

SCF first-half loss nudges $200 million

Tuesday 13th of April 2010

The Timaru based lender today released audited first-half accounts showing a net loss of $198.6 million, worse than the unaudited $154.9 million loss it announced on March 1. It plans to split into three separate entities, one of which will take on all of the company's non-performing and impaired loans, as well as the majority of its $237.9 million net property loan book.

Another unit w...

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