Net assets down, losses widen in Macquarie Group Holdings NZ's FY

Net assets down, losses widen in Macquarie Group Holdings NZ's FY
Macquarie Group Holdings NZ widens its full-year loss. (Image: Getty)
Staff reporters
Macquarie Group Holdings New Zealand Ltd has reported a wider consolidated full-year loss, and “taken advantage” of elements of the Companies Act that allow it to opt out of providing certain detailed information in its annual report.MGHNZ posted net fee and commission income of $18.17 million for the year to Mar 31, down from $20.32m previously. Operating expenses totalled $29.90m, from $33.07m. This translated to an after-tax loss of $11.55m for the diversified financial group that provides a range of client services. Its pri...