UPDATE: NZ Post flags competition, economic and GST headwind

Article – BusinessDesk

Aug. 28 (BusinessDesk) – New Zealand Post Group says it faces “structural and permanent decline” and further headwinds from increased competition, a fragile global and domestic economy and higher costs on the back of proposed introduction … Read more »

Veritas profit drops 23%, to pay smaller dividend

Article – BusinessDesk

Aug. 28 (BusinessDesk) – Veritas Investments, the food and beverage investor, posted a 23 percent drop in annual profit and will pay a smaller dividend to shareholders as it wrestles with integrating its Nosh Food Market and Better Beer Co acquisitions. Read more »

Fliway pays special dividend as annual profit beats target

Article – BusinessDesk

Aug. 28 (BusinessDesk) – Fliway, the transport and logistics company that listed on the NZX in April, will pay a special dividend after posting annual profit 33 percent above its prospectus forecast mainly on lower-than-expected listing costs. Read more »

Kiwibank announces strongest-ever result

Press Release – Kiwibank

Kiwi Group Holdings Limited (KGH), which includes Kiwibank Limited and associated companies involved in Wealth Management, Insurance and New Zealand Home Loans, has achieved an after tax profit of $132 million for the year ended 30 June 2015. Read more »

Vector posts 2.8% gain in full-year earnings

Article – BusinessDesk

Vector posts 2.8% gain in full-year earnings as smart meters lead growth, sees further gain in 2016 Read more »

Vista boosts first-half profit 24%

Article – BusinessDesk

Aug. 28 (BusinessDesk) – Vista Group International, the cinema software and analytics firm, boosted first-half profit 24 percent as the expanded group beefed up its share of the global market and extended its reach into new territory. Read more »

Kiwibank comes of age, set to pay first annual dividend

Article – BusinessDesk

Aug. 28 (BusinessDesk) – Kiwibank, the banking unit of state-owned New Zealand Post, will pay its first annual dividend after 13 years of operation, reflecting its increased size, record profits and its ability to fund its own activities. Read more »

NZ Post Group making good progress in challenging conditions

Press Release – NZ Post

Two years into its five-year reset strategy, the New Zealand Post Group has delivered a solid result and laid important foundations for the future. Read more »

Mighty River Power Annual Results for the year ended 30 June

Press Release – Mighty River Power

Strong cash flow supports special dividend, while operating earnings ease on record low hydro output Read more »

Vector Financial Results for the Year To 30 June 2015

Press Release – Vector Limited

Earnings ahead of guidance as new technology and a focus on customers drives innovation at New Zealands largest integrated infrastructure company Read more »

World’s first incontinence lingerie collection

Press Release – Confitex

Great news for all those people who are excited by the fashions they are seeing at New Zealand Fashion Week. The worlds first designer incontinence lingerie collection strutted out in style at New Zealand Fashion Week in Auckland today. Read more »

UPDATE: Hellaby returns to profit in 2015

Article – BusinessDesk

Aug. 27 (BusinessDesk) – Hellaby Holdings returned to profit in 2015 as it benefited from a series of acquisitions a year earlier, and has decided to put its footwear units up for sale after writing down their value in 2014, while looking across the … Read more »

h3> UPDATE: F&P Healthcare earnings targets $1 bln

Article – BusinessDesk

UPDATE: F&P Healthcare on target to reach $1 bln operating earnings in next 3 years Read more »

Hellaby returns to profit in 2015

Article – BusinessDesk

Hellaby returns to profit in 2015 as acquisitions add earnings; plans to sell footwear units Read more »

Hellaby Annual Result Announcement

Press Release – Hellaby Holdings

Investment company Hellaby Holdings Limited (Hellaby, NZX:HBY) today posted another record result for the year to 30 June 2015; a year in which the group continued to reshape its portfolio and pursue its growth strategy. Read more »

F&P Healthcare lifts earnings guidance; CEO Daniell retires

Article – BusinessDesk

Aug. 27 (BusinessDesk) – Fisher & Paykel Healthcare, the medical devices manufacturer, lifted its 2016 earnings guidance on the back of a favourable exchange rate and said long-time managing director Mike Daniell will retire. Read more »

Landcorp strategy of dairy investment at odds over dividends

Article – BusinessDesk

Aug. 27 (BusinessDesk) – Landcorp Farming, which is taking on debt to convert former forestry land into dairy farms, won’t pay a dividend this year, highlighting the friction between the state-owned farmer’s long-term strategy and the government’s … Read more »

CORRECT: Vodafone NZ posts $120.7M FY loss on Telstra costs

Article – BusinessDesk

CORRECT: Vodafone NZ posts $120.7 mln full-year loss on Telstra costs, weaker sales Read more »

MYOB exceeds financial forecast

Press Release – MYOB

Record uptake of cloud solutions in 1H bringing SME cloud subscriptions to 142,000 in June 2015, achieved 150,000 in early August 2015; 528,000 paying users, up 10 per cent year on year and ahead of prospectus forecast; 94% recurring revenue; … Read more »

UPDATE: Scales shares rise 2% as Mr Apple drives earnings

Article – BusinessDesk

Aug. 27 (BusinessDesk) – Scales Corp shares rose 2 percent after the country’s biggest apple exporter boosted first-half profit 61 percent as its Mr Apple unit beat expectations. Read more »

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