Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Dorchester Pacific Sells EFTPOS Client Book

3 April 2006


News Release For immediate release


Dorchester Pacific Sells EFTPOS Client Book


Dorchester Pacific Limited (Dorchester) has sold its EFTPOS client book to payment solutions company Cadmus Technology Limited.

The sale, which represents $630,000 of receivables, is a small portion of Dorchester’s $440 million total assets.

“Strategically the EFTPOS client book doesn’t fit with our ongoing business plans to improve profits and maximize returns to shareholders,” Dorchester’s interim chief executive Mark Simpson said.

“We regularly review our operations to ensure they are performing to the desired levels of return, given their risk profile. The small nature of this EFTPOS finance book was deemed as uneconomic for us to continue with. It does however fit Cadmus’s core business,” he said.


ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>

ALSO: