Jarden clips Aussie costs, sets up new NZ entities

Dealmakers have been finding it tougher in recent times. (Image: Getty)

Wed, 05 Jul 2023

Jarden has been trimming its expense lines in Australia after another year of red ink, while also establishing new entities in New Zealand as the investment house enters a new phase with clearer lines between the investment banking and wealth divisions.The investment house lodged its Australian financial statements on June 30, reporting a loss of A$13.3 million (NZ$14.3m) in the 15 months ended March 31 on revenue of A$93.2m. Jarden Australia changed its balance date to match the NZ parent, having previously reported a loss of A$5.1m on revenue...

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