Greenpeace NZ profit tumbles on a bigger global payout, dwindling donations

Thu, 12 Jul 2012

By Hannah Lynch July 13 (BusinessDesk) – Greenpeace New Zealand, the local arm of the environmental lobby group, posted a 69 percent drop in full-year profit after it made a bigger payout to its global parent and reaped less from donations. Profit fell to $549,009 in calendar 2011, from $1.78 million a year earlier, according to Greenpeace's financial statements. Sales slipped about 8 percent to $8.3 million. The Auckland-based lobby group increased its contribution to Greenpeace International by about $450,000 to $1.9 million in 2011. The...

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