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UPDATE: A2 shares lift 8.6% on strong first half result

Article – BusinessDesk

Feb. 20 (BusinessDesk) – A2 Milk’s stock jumped 8.6 percent after it said first-half profit climbed 55 percent as the milk marketer continued to expand market share in China despite trade tensions between the US and China crimping consumer spending. Read more »

Not much joy in Fellet’s Sky TV swansong

Article – BusinessDesk

Feb. 20 (BusinessDesk) – It was the final results announcement for Sky Network Televisions long-standing chief executive John Fellet this morning, but he didnt have much cheerful news for investors. Read more »

Ebos underlying net profit boosted by animal care segment

Article – BusinessDesk

Feb. 20 (BusinessDesk) – Ebos Group said one-offs dented its first half net profit slightly but the underlying result was boosted by strong performance in the animal care segment. Read more »

UPDATE: Meridian posts record 1H operating earnings

Article – BusinessDesk

Feb. 20 (BusinessDesk) – Meridian Energy reported a 39 percent increase in first-half profit, boosted by improved generation and sustained high prices in October and November. Read more »

KiwiRail operating earnings start to improve

Article – BusinessDesk

Feb. 20 (BusinessDesk) – State-owned KiwiRail reported a 7 percent improvement in operating earnings in the six month to Dec. 31, at $16.3 million, reflecting a 30 percent lift in the value of domestic freight carried on its network caused in large … Read more »

UPDATE: Spark 1H profit dips 5.6%

Article – BusinessDesk

Feb. 20 (BusinessDesk) – Spark New Zealand’s first-half profit dipped 5.6 percent due to Southern Cross Cables deciding not to pay a dividend while it mulls the investment needed for a new underwater cable. Read more »

CORRECT: Meridian posts record 1H operating earnings

Article – BusinessDesk

Feb. 20 (BusinessDesk) – Meridian Energy reported a 39 percent increase in first-half profit, boosted by improved generation and sustained high prices in October and November. Read more »

Spark 1H profit dips 5.6%

Article – BusinessDesk

Feb. 20 (BusinessDesk) – Spark New Zealand’s first-half profit dipped 5.6 percent due to Southern Cross Cables deciding not to pay a dividend while it mulled the investment needed for a new underwater cable. Read more »

FIRST CUT: Fletcher betters first-half guidance with 8% drop

Article – BusinessDesk

Feb. 20 (BusinessDesk) – Fletcher Building posted a first-half net profit following last years multi-million loss but operating earnings before one-offs were down 8 percent. Read more »

FIRST CUT: Meridian posts record 1H operating earnings

Article – BusinessDesk

Feb. 20 (BusinessDesk) – Meridian Energy reported a 39 percent increase in first-half profit, boosted by improved generation and sustained high prices in October and November. Read more »

FIRST CUT: A2 more than doubles 1H net profit

Article – BusinessDesk

Feb. 20 (BusinessDesk) – A2 Milk’s first-half profit lifted 55.1 percent as infant formula revenue continued to soar. Read more »

US-owned Icebreaker consolidates HQ – in NZ

Article – BusinessDesk

Feb. 19 (BusinessDesk) – Less than a year after New Zealand merino clothing company Icebreaker was bought by US retail giant VF Corporation for $288 million, the company has announced a big shift for some of its head office staff. Read more »

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