23 Nov 2012

Another loss reported by DPC

7:05 am on 23 November 2012

Dorchester Pacific has reported another loss for the six months to the end of September.

The finance and insurance company made a loss of $87,000 during the period, compared to $993,000 last year.

DPC said the result was down to a buyback of 2013 notes of more than $1 million and a full write-off of about $1 million on its balance sheet as a fair value adjustment.