Bunnings triples annual profit in NZ

Article – BusinessDesk

Dec. 10 (BusinessDesk) – Bunnings, the hardware chain owned by Australian Wesfarmers, more than tripled annual profit in New Zealand, as a booming property market stoked demand for building products. Read more »

Hallenstein 4-month sales up on last year, margins improve

Article – BusinessDesk

Dec. 10 (BusinessDesk) – Hallenstein Glasson, the clothing chain, said sales are tracking above last year after four months of trading and margins have improved, though the Christmas sales period remains critical, according to chairman Warren … Read more »

Financial Statements of the Government: 31 October 2014

Press Release – New Zealand Treasury

The Financial Statements of the Government of New Zealand for the four months ended 31 October 2014 were released by the Treasury today. These statements are compared against forecasts based on the Budget Economic and Fiscal Update (BEFU 14) released … Read more »

Cera, IRD led $214M of unauthorised public spending in 2014

Article – BusinessDesk

Dec. 9 (BusinessDesk) – The Canterbury Earthquake Recovery Authority and the Inland Revenue Department account for the bulk of $214 million of unauthorised public spending in the 12 months ended June 30, according to the Auditor-Generals review of the … Read more »

OceanaGold expects annual copper, gold production to be flat

Article – BusinessDesk

Dec. 9 (BusinessDesk) – OceanaGold Corp, which operates the Macraes goldfield in Otago, expects its annual gold and copper production to be largely flat in the year and signalled costs may fall as much as 13 percent. Read more »

Virgin Australia’s NZ operations turn to profit

Article – BusinessDesk

Dec. 8 (BusinessDesk) – Virgin Australias earnings performance on the highly competitive trans-Tasman route has improved from loss-making to a profit as a result of accounting policy changes and other benefits from its alliance with Air New Zealand. Read more »

Fireworks skyrocket Hell sales to record level

Press Release – Hell Pizza

Hells inaugural fireworks campaign went off with a bang last month: after becoming the first retailer in NZ to deliver fireworks direct to customers doorsteps, weekly sales rocketed to a record level for the third time in 12 months. Read more »

Annual report indicates steady progress for MOTAT

Press Release – MOTAT

MOTATs 2013/14 annual report is now available to the public and CEO Michael Frawley believes the results demonstrate some positive signs for the future direction of the Museum. Read more »

Rangatira: Steady Operating Performance in First Half Year

Press Release – Rangatira

Wellington investment company Rangatira today announced its interim result for the six months to 30 September 2014. Profit after tax for the period was $3.9 million, compared with $30.8 million for the corresponding period last year. Read more »

Wellington Drive narrows 3Q loss, sees ‘modest’ FY growth

Article – BusinessDesk

Dec. 5 (BusinessDesk) – Wellington Drive, the unprofitable manufacturer of energy efficient motors, narrowed its third quarter loss and revised guidance for a “modest level” of sales growth. Read more »

Statistics confirm best dairy season on record

Press Release – Livestock Improvement Corporation

Good grass growth, high production and a record payout will see many of New Zealands dairy farmers look back on the 2013-2014 season as one of the best in history and now the statistics prove it. Read more »

Export growth falls, but still positive

Press Release – Manufacturers and Exporters Association

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during November 2014, shows total sales in October 2014 decreased 4.61% (year on year export sales increased by 1.11% with domestic … Read more »

Surging optimism among sheep and beef farmers

Press Release – Rabobank

A surge in optimism among sheep and beef farmers has seen New Zealand rural confidence stage a slight rally in the past quarter. The latest Rabobank Rural Confidence Survey shows that while national rural confidence is still at low levels overall, a strong … Read more »

Not All Boom Times in Trades: Construction industry cautious

Press Release – MYOB

Despite the effects of the soaring Auckland housing market and the Christchurch rebuild, New Zealands construction and trades industry isnt as buoyant as expected, with below average revenue growth and more conservative forecasts from local SME … Read more »

Auckland property values accelerate again

Press Release – Quotable Value New Zealand

The latest monthly QV Residential Price Movement Index shows that nationwide residential property values for November have increased 5.1% over the past year and 0.7% over the past three months. This means they are now 16.7% above the previous market peak … Read more »

Expectations of property vendors hits all-time high

Press Release – Realestate.co.nz

November saw a 1.9% increase over the previous month in the national average asking price of homes for sale, reaching an all-time high of $497,840. In addition, the number of new property listings remains high with 13,512 new listings in November, … Read more »

Shareholders pleased with Synlait Milk results

Press Release – Synlait

Shareholders who attended Synlait Milks Annual Meeting of Shareholders today were pleased with the companys solid financial performance and continued progress in the 2014 financial year. Managing Director Dr John Penno discussed the annual … Read more »

Enprise narrows 1H loss as it reduced costs

Article – BusinessDesk

Dec. 2 (BusinessDesk) – Enprise Group, the accounting software reseller which debuted on the NZAX yesterday, narrowed its first-half loss as its Australian unit turned to a profit and it reduced costs. Read more »

UDC Finance increases profit by 20 per cent

Press Release – UDC Finance

UDC Finances net profit after tax rose to $51.5 million for the year ended 30 September 2014, an increase of 20 per cent on the previous financial year. The result reflects continued strong growth in lending and revenue and a significant improvement … Read more »

Dorchester still hunting acquisitions after Turners purchase

Article – BusinessDesk

Dec. 2 (BusinessDesk) – Dorchester Pacific says it’s still in the hunt for acquisitions after completing the $82 million cash, scrip and bonds-funded purchase of Turners Auctions and refining its guidance for earnings. Read more »

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