Kiwibank may have to write even more off its failed IT project
Even before the write-off, Kiwibank's profits were falling.
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The Kiwibank Group may write off even more off its four-year IT project after writing off $90 million, or $65 million after tax, for the year ended June.
The writeoff meant Kiwibank Group’s net profit for the year fell 56% to $58 million.
Even on an underlying basis, profit was down 1.5%, the
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Jenny Ruth
Fri, 01 Sep 2017
Fri, 01 Sep 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Kiwibank may have to write even more off its failed IT project
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