Preliminary Announcement - Year Ended 31 March 2021
Southern Charter Financial Group Preliminary Full Year Result for the Year Ended 31 March 2021.
The Directors of Southern Charter Financial Group Limited (“the Company”) are pleased to report its financial results for the year ended 31 March 2021.
The Company reported a net loss attributable to shareholders of $117,616 for the year. This compares with a net loss attributable to shareholders of $159,877 for the previous year.
The financial results consisted mainly of expenditure relating to the maintenance of the listed company and interest earned on short term cash deposits, as well as activities related to work undertaken on evaluation of suitable businesses for acquisition.
Future Growth Strategy
The Company remains in a position with a strong balance sheet which includes significant cash resources. The Company has considered a number of possible acquisitions and the Board intends on securing a suitable acquisition prior to the 31 March 2022 year end. The Company will seek shareholder approval as required to complete any transaction.
On behalf of the Directors of Southern Charter Financial Group the Company extends its thanks to the shareholders for their support of the Company.
“The kiwi dollar is always going to be like a cork on the waves of global sentiment,” independent treasury adviser Peter Cavanaugh said.
Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us.
One analyst said market participants will be glad to see the back of the turbulent second quarter.
Young property guns Jasper are taking their 'sharesies' style property investment model into a more marketable terrain.
After a troubled start, a new carbon trading platform says it will resume operations next week.
The owner of BusinessDesk has hit a new high, with even more customers choosing to subscribe.
Indonesian coal prices are now one of the main drivers of wholesale electricity prices in NZ.
Many of the factors weighing on Kiwi Property's share price are beyond its control, chair Mark Ford told shareholders.
The serial entrepreneur kept a financial and personal stake in the company, even after its IPO last year.
New Image delisted from the New Zealand Stock Exchange in May 2013 after its major shareholder gained control.
The cabin redesign's focus on sustainability lowers operating costs for the airline and gives it a unique selling point.
Agriculture minister Damien O’Connor has acknowledged the fund investors may feel “unfairly prejudiced” and failure to buy them out could hurt NZ’s investment climate.
A new carbon trading platform aims to bring retail investors and landowners into the carbon market while increasing biodiversity and cutting emissions.
All five of the analysts’ reports BusinessDesk has seen have either “overweight” or “outperform” investment recommendations on Fletcher shares.