UPDATE: Methven books $2.7M after cancelling earn-out

Article – BusinessDesk

Aug. 25 (BusinessDesk) – Listed shower and tapware maker Methven booked a $2.7 million gain in its full-year net profit adjustments after cancelling an earnout agreement with the owner of the Chinese manufacturing facility it bought in 2014. Read more »

MYOB Group Limited announces robust half year result

Press Release – MYOB

MYOB Group Limited (MYOB; ASX: MYO) today announced its first half 2016 financial results, headlined by double-digit growth in revenue and earnings. Read more »

Countdown FY earnings slip 3.7% on record revenue

Article – BusinessDesk

Aug. 25 (BusinessDesk) – The Countdown supermarket chain posted a 3.7 percent drop in annual earnings due to a combination of food price deflation, competitive pressures and increased team-based performance payments as part of a customer service improvement … Read more »

Scales Corporation Lifts Half Year After Tax Profit

Press Release – Scales Corporation Ltd

Scales Corporation Lifts Half Year After Tax Profit, Upgrades Full Year Earnings Guidance Scales Corporation Limited (NZX:SCL) today reported a net profit after tax of $33.8 million for the half year ended 30 June 2016 ( 1H16 ), up 3 per cent on … Read more »

Ebos posts 20% gain in full-year profit as sales top $7 bln

Article – BusinessDesk

Aug. 25 (BusinessDesk) – Ebos Group posted a 20 percent gain in full-year profit and lifted its dividends as revenue topped $7 billion for the first time, saying it expects further earnings growth in the current year. Read more »

Positive momentum at Methven

Press Release – Methven

New Zealands leading shower and tapware designer Methven Ltd (MVN) today reported a 30.6% increase in Net Profit After Tax (NPAT) and a 23.9% increase in NPAT excluding non-recurring items1. Methven Chairman Phil Lough commented that We are encouraged … Read more »

Methven continues annual revenue and profit growth

Article – BusinessDesk

Aug. 25 (BusinessDesk) – Methven, the shower and tapware designer, has reported a 31 percent increase in full-year net profit to $7.7 million with strong sales in New Zealand and Australia, continuing a turnaround in its performance that started … Read more »

SLI Systems curbs FY loss

Article – BusinessDesk

Aug. 25 (BusinessDesk) – E-commerce software seller SLI Systems narrowed its annual loss, reflecting cost containment during a restructuring following the loss of three major customers. Read more »

Hellaby Holdings annual profit falls 30%

Article – BusinessDesk

Aug. 25 (BusinessDesk) – Hellaby Holdings, the diversified investment group, posted a 30 percent fall as restructuring under new chief executive Alan Clarke continues. Read more »

Scales lifts first-half profit 3% on record Mr Apple crop

Article – BusinessDesk

Aug. 25 (BusinessDesk) – Scales Corp lifted first-half profit 3 percent and raised guidance for annual earnings as its Mr Apple unit delivered a record crop and met its 2020 export volume target four years early. Read more »

NZ dollar gains as traders await Jackson Hole symposium

Article – BusinessDesk

Aug. 25 (BusinessDesk) – The New Zealand dollar rose above 73 US cents as traders wait to see what Federal Reserve chair Janet Yellen has to say at this weekend’s central banker symposium in Jackson Hole, Wyoming. Read more »

Infratil still aspires to shareholder returns of 20% a year

Article – BusinessDesk

Infratil still aspires to generating total shareholder returns of 20 percent a year as it broadens the focus of its investment portfolio into sectors it wouldn’t have entered 10 years ago. Read more »

Steadfast announces FY16 underlying NPATA growth of 45%

Press Release – Steadfast

Steadfast announces FY16 underlying NPATA growth of 45% and provides underlying NPATA guidance of $85m to $90m for FY17 Read more »

Metro Glass sees ‘marked improvement’ in 2017

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Metro Performance Glass, which has more than half the country’s glass processing market, expects to see a “marked improvement” in the coming year as it reaps the benefit of New Zealand’s building boom and looks further afield … Read more »

Qantas Airways resumes dividends after 7 years

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Australias biggest airline, Qantas Airways, will resume paying dividends after a seven-year hiatus following a A$1.03 billion full-year net profit after tax, up 80 percent on the prior year and the best in its 95-year history. Read more »

Metlifecare Full Year Result to 30 June 2016

Press Release – Metlifecare

$50.5 million net operating cash flow excluding first time sales of occupation right agreements3, up 47% Read more »

NZ trade deficit narrows in July from year earlier

Article – BusinessDesk

NZ trade deficit narrows in July from year earlier as imports fall faster than exports Read more »

NZOG resumes dividend after costs clamp-down

Article – BusinessDesk

Aug. 24 (BusinessDesk) – New Zealand Oil & Gas will resume dividend payments after clamping down on costs in response to the slump in global energy prices, which led to a write down in the value of its shareholding in Cue Energy Resources to produce … Read more »

Vector posts 4.7% gain in adjusted full-year earnings

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Vector, the electricity and telecommunications infrastructure company, posted a 4.7 percent gain in adjusted full-year earnings on growth in Auckland and the expansion of its smart meter fleet, while signalling earnings growth may … Read more »

NZO Annual Result

Press Release – NZ Oil And Gas

Loss for the year is $51.8m, including $41.8m from Cue Energy Resources Net cash from operating and investing activities of $21.1 million (up from $6.7 million) Dividend of 4 cents per share, fully imputed. Read more »

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