Pyne Gould first-half profit gains on Wilaci settlement

Fri, 23 Feb 2018

By Paul McBeth Feb. 23 (BusinessDesk) - Pyne Gould Corp more than tripled first-half profit as the investment firm settled litigation with Australian businessman John Grills' Wilaci unit, offsetting an operating loss on smaller investment gains and skinnier land development margins. The NZX-listed, Guernsey, UK-based company reported a profit attributable to shareholders of 7.9 million British pounds, or 3.82 pence per share, in the six months ended Dec. 31, up from 2.3 million pounds, or 1.09 pence, a year earlier, it said in a statemen...

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