Market Alert: Strong Nuclear Tensions in South Asia Assessing the Fallout on Global Equity Markets
Ritchies Transport Holdings Limited, a bus and coach operator in New Zealand, reported a significant increase in its annual net loss, which more than doubled to $17 million. This financial downturn occurred during a year marked by substantial acquisitions. Ritchies, founded in Temuka in 1935, now operates a fleet of over 1,600 vehicles and has 42 depots across the country. The company is owned by Rome NZ Holdco, a Singapore-based entity, with Cayman Islands-registered KKR Group Partnership as its ultimate holding company. Despite the challenging financial year, the company continues to expand its operations nationwide.
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