Pyne Gould delays half-year results

Friday 25th February 2011

Pyne Gould has delayed publication of its results for the six months to the end of December, in the wake of the devastating Christchurch earthquake.

The company's head office in Christchurch, PGC House, was severely damaged in the earthquake, with Pyne Gould yesterday saying 10 staff from its Perpetual business unit were unaccounted for, as were four from Marac.

On the day of the quake the company noted its operations were mainly based in Auckland and the Christchurch building was leased.

Pyne Gould's head office systems were damaged in the earthquake, and it shifted to backup systems elsewhere in the country.

Today the company said that due to its directors being engaged in Christchurch, they would meet late today and the interim result would now be released on Monday, rather than today as previously intended.

NZPA

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