Vital Healthcare 1H distributable income rises 87%

Article – BusinessDesk

Feb. 23 (BusinessDesk) – Vital Healthcare Property Trust, the Auckland-based hospital and healthcare property developer and investor, said its first-half net distributable income rose 87 percent as acquisitions and developments helped drive rental income … Read more »

Intueri halves full-year loss

Article – BusinessDesk

Feb. 23 (BusinessDesk) – Intueri Education Group halved its full-year loss after taking a smaller charge on impairments, offsetting a 14 percent decline in revenue. Read more »

SLI first-half loss more than doubles on strong kiwi

Article – BusinessDesk

Feb. 23 (BusinessDesk) – SLI Systems more than doubled its first-half loss as a strong New Zealand dollar and the loss of three major customers at the end of the 2016 financial year continued to weigh on earnings. Read more »

Investors wipe nearly $300M off Sky TV valuation

Article – BusinessDesk

Feb. 23 (BusinessDesk) – Sky TV Network Television shares were hammered when trading opened on the New Zealand stock exchange this morning, with investors wiping $293 million off the value of the pay-TV provider after this morning’s rejection of its … Read more »

Trade Me first half profit climbs 16%

Article – BusinessDesk

Feb. 23 (BusinessDesk) – Trade Me lifted first-half profit 16 percent signalling an end to an investment phase for the online marketplace and business, although the result fell just short of analyst expectations. Read more »

Summerset annual earnings rise 50% as expansion accelerates

Article – BusinessDesk

Feb. 23 (BusinessDesk) – Summerset Group boosted annual earnings 50 percent after opening more retirement villages and improving its margins. Read more »

Summerset annual earnings rise 50% as expansion accelerates

Article – BusinessDesk

Feb. 23 (BusinessDesk) – Summerset Group boosted annual earnings 50 percent after opening more retirement villages and improving its margins. Read more »

Port of Tauranga posts 8.5% 1H profit gain

Article – BusinessDesk

Feb. 23 (BusinessDesk) – Port of Tauranga posted an 8.5 percent gain in first-half profit and raised its full-year guidance, saying both exports and import cargo volumes rose, including a rebound in the outbound log trade. Read more »

Air New Zealand posts 24% decline in 1H profit

Article – BusinessDesk

Feb. 23 (BusinessDesk) – Air New Zealand posted a 24 percent fall in first-half pretax profit in the face of increasing competition into the domestic market. Read more »

Vital Healthcare 2017 Interim result

Press Release – Vital Healthcare Property Trust

Vital Healthcare Property Trust today announced a strong interim result for the six months to 31 December 2016. A second quarter cash distribution of 2.125 cents per unit will be paid to investors on 23 March 2017. Read more »

Port of Tauranga On Track for One Million Containers (TEUs)

Press Release – Port of Tauranga Limited

Half year net profit rises to $41.9 million from $38.6 million as the countrys premier freight gateway benefits from rising cargo volumes and continues to set standards for port productivity Read more »

Second largest interim result and maintains strong dividend

Press Release – Air New Zealand

Air New Zealand has today announced earnings before taxation for the first six months of the 2017 financial year of $349 million, compared to $457 million in the prior year – the second highest result for an interim period in the airlines history. Read more »

Fonterra Confirms 2016/17 Forecast Farmgate Milk Price

Press Release – Fonterra

Fonterra is required to consider its forecast Farmgate Milk Price every quarter as a condition of the Dairy Industry Restructuring Act. For this purpose, Fonterra Co-operative Group Limited today confirmed the forecast Farmgate Milk Price of $6.00 per kgMS … Read more »

UPDATE2: Fletcher shares drop after 1H results

Article – BusinessDesk

Feb. 22 (BusinessDesk) – Fletcher Building shares fell after the company posted a 2 percent gain in first-half profit that included unexpectedly weak earnings from its construction division that included a loss in the “tens of millions” on a major … Read more »

Living Cell Technologies reports wider 1H loss

Article – BusinessDesk

Feb. 22 (BusinessDesk) – Living Cell Technologies, the ASX-listed biotech company with New Zealand-based operations, reported a wider loss in the six months to Dec 31 on increased research and development. Read more »

Coca Cola Amatil’s NZ business boosts earnings in 2016

Article – BusinessDesk

Feb. 22 (BusinessDesk) – Coca-Cola Amatil’s New Zealand business generated bigger annual earnings in 2016 as the local bottler of Coke-branded drinks ramped up sales volumes with skinnier margins as part of a strategy launched three years ago. Read more »

Ports of Auckland Interim Results

Press Release – Ports of Auckland

Revenue up 4% to $110.5m Trading profit before income tax $36.9m, up 5.89% Tax up $3m due to prior period adjustment to Council Group tax offset Net profit after tax $29.3m compared with $31.6m for the same period last year Dividend … Read more »

A2 CEO, chair sell down holdings following strong first-half

Press Release – BusinessDesk

Feb. 22 (BusinessDesk) – A2 Milk Co’s chief executive and chair have sold down their stakes in the milk marketing firm, less than a week after reporting first-half profit more than tripled as demand for its A2 Platinum infant formula surged in its key … Read more »

TVNZ posts 6.2% decline in first-half earnings

Article – BusinessDesk

Feb. 22 (BusinessDesk) – Television New Zealand posted a 6.2 percent decline in first-half earnings as advertising revenue fell faster than operating costs, which the state-owned broadcaster said was a creditable performance in a declining TV market. Read more »

Vocus NZ earnings soar with CallPlus acquisition

Article – BusinessDesk

Feb. 22 (BusinessDesk) – Vocus Communications’ New Zealand earnings soared in the latter half of 2016 as the ASX-listed telecommunications company benefited from the addition of CallPlus when it merged with M2 Group, and it is targeting bundled power … Read more »

« Previous PageNext Page »