Goldman Sachs NZ lifts 2013 revenue by 63% in boom year for NZX listings

Tue, 27 May 2014

By Jonathan Underhill May. 27 (BusinessDesk) - Goldman Sachs New Zealand Holdings, the local unit of the Wall Street investment bank, posted a 63% percent jump in revenue in 2013, a boom year for market activity that saw it win a share of deals including the floats of Z Energy, Meridian Energy and Synlait Milk, Tower's asset sales, Harvard University's forest sale and the selldown of Air New Zealand. Revenue climbed to $49.9 million in calendar 2013, the highest in four years, from $30.1 million in 2012. Profit tripled to $15.95 million a...

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