Ritchies annual net loss doubles to $17m

Ritchies is owned by private equity giant KKR. (Image: Ritchies)

Fri, 30 Aug 2024

Bus and coach operator Ritchies' annual net loss has more than doubled to $17 million in a year that included some large acquisitions.Companies Office records show Ritchies Transport Holdings is owned by Singapore-incorporated Rome NZ Holdco, which has Cayman Islands-registered KKR Group Partnership as its ultimate holding company.Founded in Temuka in 1935, Ritchies operates a fleet of more than 1600 vehicles and has a network of 42 depots nationwide.The Rome NZ Holdco group owns eight New Zealand subsidiaries and the group generates revenu...

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