The Directors of Smiths City Group Limited (SCY) advised late last year that it was their intention to refinance the 100% owned customer credit subsidiary Smithcorp Finance Limited (SCF) with a major trading bank. This would terminate the existing bulk funding facility from Fisher & Paykel Finance Limited (FPF) which has served the company for almost 30 years. From today
Announcement to the market of the preliminary 6 months result to 31.10.12 in accordancewith listing rule 10.4.2
This report has been prepared in a manner which complies with New Zealand International Financing Reporting Standards, which is consistent with the prior half year and gives a true and fair view of the matters to which the report relates and is based on unaudited financial statements. Smiths City Group Limited has a formally constituted Audit Committee of the Board
Smiths city holds profit and dividend levels – released 21.12.07
The Directors of Smiths City Group Limited, the listed Christchurch based retailer, have announced an operating surplus after taxation of $1.759million compared with $1.737million last year – an increase of 1.3%. Operating revenues for the year increased from $135.1million to $135.8million. Same stores sales revenue is also in line with previous years. The financial statements have been prepared under New
Profit down but growth strategy on track at smiths city – released 28.6.07
The Directors of Smiths City Group Limited, the listed Christchurch based retailer, have announced an operating surplus from trading of $4.10million down from $5.04million last year – a decrease of 18.6%. After tax profit of $4.142million for the year to 30 April 2007 compared with $5.436million for the year to 30 April 2006. The 2006 year included a tax credit
Six month result 31.10.06 – released 21.12.06
The Directors of Smiths City Group Limited have announced an unaudited pre-tax profit from operations of $2.049million for the six months to 31 October 2006 – a decrease of 9.8% over the six months 31 October 2005. Total operating revenue for the period increased 16.3%. On a same stores basis sales increased 4.4% The Directors have declared an un-imputed interim
Stable pretax profits and increased final dividend
The Directors of Smiths City Group Limited, the listed Christchurch based retailer, have announced an audited after tax profit of $5.436million for the year to 30 April 2006 compared with $8.707million for the year to 30 April 2005. The current year result includes a tax credit (being a refund of tax paid last year) of $0.38million whilst the 2005 result