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Receivers' report shows Dick Smith creditors can expect a loss - 7th Mar 2016

Receivers' report shows Dick Smith creditors can expect a loss

Receivers' report shows Dick Smith creditors can expect a loss


SUSAN EDMUNDS
Last updated 19:18, March 7 2016

Dick Smith Electronics' creditors can expect to be left out of pocket, the company's receivers have warned.

Ferrier Hodgson has lodged its first receivers' report on the New Zealand business with the Companies Office.

In it, it estimates there is likely to be a net loss of almost $100 million to priority creditors, before the costs of selling the failed retail chain's assets are taken into account. Read more on this story here


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