Real Estate Resources

Posted on July 2, 2009 - by admin

South Canterbury reports NZ$58 mln provision for bad debts; first loss since 1934

Property Markets

South Canterbury Finance said it now expected to report a NZ$37 million net loss for the just completed year to June 30 after a weak property market forced it to take a NZ$58 million provision for bad debts and non-performing investments. This was South Canterbury Finance’s first loss since its foundation in 1934.

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South Canterbury reports NZ$58 mln provision for bad debts; first loss since 1934

This entry was posted on Thursday, July 2nd, 2009 at 22:35 and is filed under Property Markets. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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