Goldman Sachs NZ sales drop in year of fewer high-profile deals, more offshore work

Goldman Sachs NZ sales drop in year of fewer high-profile deals, more offshore work
By Jonathan Underhill April 23 (BusinessDesk) - Goldman Sachs New Zealand Holdings, the local unit of the New York Stock Exchange-listed investment bank, reported a 52 percent drop in revenue and a small loss for 2014, a year marked by fewer high-profile deals and more offshore advisory work. The loss was $2.87 million in calendar 2014, compared to a profit of about $16 million a year earlier, according to the Auckland-based company's financial statements. Sales dropped to $23.4 million from $48.9 million. The 2014 results follow a boo...