Pyne Gould says full-year profit fell to $20 mln, reflecting year-earlier gains

Mon, 18 Aug 2014

By Jonathan Underhill Aug. 19 (BusinessDesk) - Pyne Gould Corp, the Guernsey-based asset management firm controlled by George Kerr, said full-year profit was less than half its result in 2013, when it took one-time gains from the sale of assets. Profit was about $20 million in the year ended June 30, from $44.4 million a year earlier, the company said in a statement. Pyne Gould "experienced positive contributions from both operating profits and asset sales," it said, without being specific. Profit in 2013 included a $25 million gain fr...

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