Smiths City Group Limited - Profile Company Report Australia

30-04-2012, 11 pages

Smiths City Group Limited is a New Zealand-owned, public holding company for a group of businesses that operate in three areas: retail trading, finance and property. Smiths City Group Limited is listed on the New Zealand Stock Exchange under the ticker symbol SCY, and employs more than 700 staff throughout its operations in New Zealand. The Company is headquartered in Christchurch.

Smiths City Group Limited is involved in three principal activities, namely:

Retail Trading - Smiths City is involved in the retailing of household products including home furnishings, floor coverings, consumer electronic products, home heating solutions, and sporting goods and the retailing of specialist appliances through their Powerstore and L V Martin stores. The company also owns Alectra, a provider of servicing and installation services to the home, building and commercial industries.

Finance - Smithcorp Finance Limited provides financial solutions to customers of the retail divisions and personal loans to customers with a proven credit history.

Property - Smith City Properties Limited owns the Colombo Street retail property in central Christchurch and also takes advantage of opportunities to develop and enhance their other retail premises.

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