Pyne Gould posts first-half loss, writes down Perpetual receivable by $2.9 mln

Fri, 27 Feb 2015

By Paul McBeth Feb. 27 (BusinessDesk) - Pyne Gould Corp, whose 2014 accounts are being looked into by the market regulator, reported a first-half loss as it was hit with foreign exchange adjustments and losses from its subsidiaries, and wrote down the value of what it expects to be paid on the sale of its Perpetual Trust unit. The Guernsey-based asset management firm reported a loss of 3.36 million British pounds in the six months ended Dec. 31, unchanged from a year earlier, it said in a statement after trading closed. That included a 1...

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