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finance company sector

Cynotech Changes Its Mind On Interim Dividend Payment

Cynotech Changes Its Mind On Interim Dividend Payment
Wellington, Sept 25 NZPA - Investment company Cynotech Holdings Ltd has decided not to pay a dividend declared at the time of its interim result.

Vodka Company Trio Move Into Finance Company Sector

Wellington, Aug 31 NZPA - The former owners of Vodka company 42 Below see potential in the decimated New Zealand finance company sector and have picked up a 19.47 percent stake in Dorchester Pacific for $400,000.

Commerce Committee To Hold Inquiry Into Finance Company Failures

Commerce Committee To Hold Inquiry Into Finance Company Failures
Wellington, Aug 20 NZPA - Parliament's commerce select committee will hold an inquiry into finance company failures, committee chairwoman Lianne Dalziel announced today.

Commerce Committee To Hold Inquiry Into Finance Company Failures

Commerce Committee To Hold Inquiry Into Finance Company Failures
Wellington, Aug 20 NZPA - Parliament's commerce select committee will hold an inquiry into finance company failures, committee chairwoman Lianne Dalziel announced today.

RBNZ Releases Risk Management Guidelines For Non-Banks

RBNZ Releases Risk Management Guidelines For Non-Banks
Wellington, June 12 NZPA - The Reserve Bank of New Zealand (RBNZ) has released draft risk management guidelines for non-bank deposit takers. The RBNZ is calling for submissions by June 29.

Cynotech Full Year Net Profit Rises 26 Percent To $2.28m

Cynotech Full Year Net Profit Rises 26 Percent To $2.28m
Wellington, Feb 26 NZPA - Finance group Cynotech Holdings reported a 26 percent rise in full year net profit to $2.28 million. Profit before tax for the 2008 calendar year rose 106 percent compared to a year earlier to $3.22m, while total assets were up to $35.24m from $26.02m.

Outlook Mixed For $22 Billion Finance Company Sector

Wellington, Dec 2 NZPA - Finance company collapses in the last year have hit the property development industry, but it is vehicle dealerships that will suffer in the future with the withdrawal of their financiers, a report said today.

South Canterbury Boosts National Brand

Wellington, Sept 30 NZPA - South Canterbury Finance is putting its name on 13 regional subsidiaries, to raise its national presence and boost investor confidence.

NZ Superfund Posts Negative Return

Wellington, Sept 29 NZPA - New Zealand Superannuation Fund went backwards by 4.92 percent in the year to June 30 because some of its international equity managers underperformed benchmarks and also because it built up a stake in Auckland International Airport.

NZ Superfund Reports Negative Performance

Wellington, Sept 29 NZPA - New Zealand Superannuation Fund, known as the Cullen Fund, reported a negative 4.92 percent return in the year to June 30.

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