Latest media releases

As advised to the shareholders of Smiths City Group Limited in its annual report for the year ending 30 April 2015, the directors have engaged Colliers International to investigate market interest in the Colombo Street property including the possible sale and lease back of the property. The company is pleased to advise that Smiths City… read more

Further to our full year announcement to the market, we have engaged Colliers International to investigate market interest in the Colombo Street property, including the possible sale and leaseback of the property. Any sale or action resulting from this initiative would ultimately be subject to shareholder approval of Smiths City as a material transaction of… read more

NZX Market Release Smiths City Group Limited (SCY) – Zero Commission Small Shareholder Offer UNSOLICITED OFFER BY ZERO COMMISSION NZ LTD On 10th June 2015, Zero Commission NZ Limited advised, (as required by Section 163 of the Financial Markets Conduct Act 2014), that it intends to make an offer to selected small shareholders in Smiths… read more

The Directors of Smiths City Group Limited, the Christchurch based retailer, have announced an operating surplus after taxation for the 12 months to 30 April 2015 of $8.0 million (last year $4.1 million). Operating revenues for the 12 months were $221.4 million (last year $220.0million). The Directors have declared an unimputed final dividend of 2.5… read more

The Board of Directors of Smiths City Group Limited announce that, following the successful introduction of the new Chief Executive Officer, Mr Roy Campbell at 1st May 2015 that Mr Rick Hellings (Managing Director) resigns from the Board of Directors for the Group as from today, Friday 29th May 2015. The Board wishes to thank… read more

The Annual Meeting of shareholders of Smiths City Group Limited will be held in the Function Lounge, Hagley Oval, Riccarton Avenue, Central Christchurch; commencing at 10.30am on Tuesday 25 August 2015. Smiths City advises that the closing date for Director nominations is Thursday 25 June 2015. All nominations must be received by 4.00pm on the… read more

The Directors of Smiths City Group Limited are very pleased to advise final settlement of all insurance matters following the 2011 Christchurch earthquake. Payment has been received today of $5.6million (net of GST) in respect of the damaged Colombo Street, Christchurch, buildings.  This brings the total of payments received for the site to $18million of… read more

The Board of Smiths City Group announced late last year that our Managing Director for the last 15 years – Rick Hellings – was stepping down and as a result a search process had commenced. We are pleased to announce the appointment of Roy Campbell as Chief Executive Officer.  Roy will start on 1st May… read more

The recent re-branding of the Group’s finance company from Smithcorp Finance Limited to Smiths City Finance Limited is the first step in a strategy to increase the profile and ultimately the size of the finance business and reflects the importance of consumer finance in the Group’s integrated “full service retail” model. The Directors are pleased… read more

The Directors of Smiths City Group Limited, the Christchurch based retailers, have announced an operating surplus after taxation for the six months to 31 October 2014 of $4.266million compared with $1.903million last year – an increase of 124.1%. Operating revenues for the six months were $109.473million – up 0.9% on previous year of $108.504million. The… read more