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Goldman Sachs boosts NZ profit after scaling back services

The major impact on the bottom line was a decline in operating expenses.

Duncan Bridgeman
Tue, 02 May 2017

Goldman Sachs New Zealand has posted a big rise in net profit due to reduced headcount following a decision to shut down its local securities trading operation.

The local firm, ultimately owned by the New York-based investment bank, reported profit of $4.9 million in the year to December 31,

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Duncan Bridgeman
Tue, 02 May 2017
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Goldman Sachs boosts NZ profit after scaling back services
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