Augusta profit drops sharply as it restructures
First-half profit fell 68% as it works to set up the Tourism Fund product.
Andrew Bevin
Wed, 27 Nov 2019
NZX-listed Augusta Capital’s profit fell 68% in the six months to September 30 but the company says it is gearing up for future growth.
First-half profit after tax was $1.6 million, down from $5.1m. Operating revenue was $6.3m, down from $13m.
Augusta said the lower result was due to
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Andrew Bevin
Wed, 27 Nov 2019
Contact the Writer: andrew@nbr.co.nz
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Augusta profit drops sharply as it restructures
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