Pyne Gould posts first-half loss on foreign exchange, EPIC charges

Sun, 02 Mar 2014

March 3 (BusinessDesk) - Pyne Gould Corp., the asset management firm which recently relocated to Guernsey, reported a first-half loss on foreign exchange charges and its share of a loss posted by Equity Partners Infrastructure Co No. 1, though expects to post an annual profit. The Guernsey-based firm had a loss of $6.63 million in the six months ended Dec. 31, compared to a profit of $1.49 million a year earlier, with a $2.61 million foreign exchange charge and accounting losses of $2.28 million from EPIC, which holds a 17.5 percent share of...

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