ASX-listed Clarius gives up on unprofitable NZ business

Wed, 25 May 2016

By Paul McBeth May 25 (BusinessDesk) - ASX-listed Clarius Group will quit its New Zealand business, giving up on plans to operate a profitable IT recruitment firm on this side of the Tasman. The Sydney-based company decided to close its New Zealand operations after a number of strategies over a prolonged period failed to create a profitable business, it said in a statement to the ASX. The group will redirect investment to markets where "we are experiencing strong and sustainable growth," it said. "The board has decided to close local...

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