Pumpkin Patch posts $9.1M full-year loss on charges

Article – BusinessDesk

Pumpkin Patch posts $9.1M full-year loss on charges, secures bank facilities through 2017 Read more »

Pushpay raises $18.7m in a private placement

Press Release – Push Play

Pushpay Holdings Limited (NZSX:PAY) (Pushpay) previously advised shareholders of its intention to undertake a private placement by November 2015. Pushpay is now pleased to announce that it has received and accepted commitments for a private placement … Read more »

Pumpkin patch announces FY15 result

Press Release – Pumpkin Patch

Childrens clothing company, Pumpkin Patch has today reported a $9.1 million after tax loss for the year to July 31 2015, compared to an $11.5 million after tax loss for FY14 (including prior period adjustments). Read more »

Proposed listing for Carters deferred: CHH

Press Release – Carter Holt Harvey

Consideration of a proposed stockmarket listing for building supplies distribution business Carters is on hold, owner Carter Holt Harvey (CHH) announced today. Read more »

Kathmandu FY profit halves as discounting cuts margins

Article – BusinessDesk

Sept. 29 (BusinessDesk) – Kathmandu Holdings, the outdoor clothing retailer that spurned a takeover offer this year, reported net profit about halved because of “aggressive” discounting to shift surplus stock and weak demand in Australia. It affirmed guidance … Read more »

RBNZ pays $510 mln dividend to Crown, biggest in six years

Article – BusinessDesk

Sept. 28 (BusinessDesk) – The Reserve Bank of New Zealand will pay a $510 million dividend to the government, its biggest since 2009, after the falling kiwi dollar generated a gain from the central bank’s holdings of offshore currencies. Read more »

ERoad cuts earnings guidance for second year, shares drop

Article – BusinessDesk

Sept. 28 (BusinessDesk) – ERoad, the electronic road user charges and transport services company, said its unlikely to meet its financial forecasts in 2016, the second straight year it would miss the target, after acceleration of its US expansion hurt … Read more »

Fonterra’s advance payment for farmers ‘right thing to do’

Article – BusinessDesk

Sept. 24 (BusinessDesk) – Fonterra Cooperative Group chairman John Wilson said supporting the cash flows of farmer suppliers hard-hit by slumping global dairy prices was “the right thing to do” even though it was one of the factors which added 6 cents … Read more »

Restaurant Brands 1st-half sales rise 13% on demand for KFC

Article – BusinessDesk

Restaurant Brands first-half sales rise 13% on demand for KFC, more Carl’s Jr stores Read more »

Synlait annual profit slumps 46% on lactoferrin sales

Article – BusinessDesk

Sept. 22 (BusinessDesk) – Synlait Milk, which counts China’s Bright Dairy & Food as its biggest shareholder, posted a 46 percent drop in annual profit as lactoferrin sales missed expectations and it kept milk payments high enough to ensure supply. … Read more »

LINZ data driving business success

Press Release – New Zealand Government

Online data provided free of charge by Land Information New Zealand (LINZ) is proving critical to the success of businesses across New Zealand, Land Information Minister Louise Upston says. Read more »

Mitre 10 lifts annual sales on Auckland DIYers

Article – BusinessDesk

Sept. 21 (BusinessDesk) – Mitre 10, the homeware chain cooperative, lifted annual sales 8.7 percent as the Auckland real estate market helped fuel demand for do-it-yourself goods, but is now bracing for headwinds as the kiwi dollar weakens and economic growth … Read more »

Yili’s Oceania Dairy sets minimum 15-16 milk payout at $4.50

Article – BusinessDesk

Yili’s Oceania Dairy sets minimum 2015-16 milk payout at $4.50/kgMS, a premium to Fonterra forecast Read more »

NZCU South financial results for the year ended June 2015

Press Release – NZCU South

NZCU South financial results for the year ended June 2015. Vote to implement a securitisation programme – a first for NZ credit unions Read more »

Expected 90 lay-offs at AgResearch in ‘pretty fatal blow’

Article – BusinessDesk

Sept. 21 (BusinessDesk) – The expected lay-offs of about 90 science staff at AgResearch, the countrys largest crown research institute, is a pretty fatal blow to agricultural research, says Doug Edmeades, a Waikato soil scientist. Read more »

Warehouse annual profit falls 5.9%, less than expected

Article – BusinessDesk

Sept. 18 (BusinessDesk) – Warehouse Group, the country’s largest listed retailer, posted a 5.9 percent decline in annual profit, a smaller drop than it had projected, as earnings recovered in the second half. Read more »

New Zealand Casino Guide Team Takes the Ecology Initiative

Press Release – Get2Press

The owners of a web organization NewZealandCasinoGuide.Com and their team have decided to take the ecology initiative by participation in biodiversity preservation project and contribute into the protection, maintaining and restoring of the natural beauty … Read more »

Accolades keep flowing for top NZ design company

Press Release – Make Lemonade

A Christchurch company is producing a string of world first award-winning hi-tech products that are saving money and saving lives of New Zealanders. Read more »

Turners cautiously upbeat on annual earnings guidance

Article – BusinessDesk

Sept. 16 (BusinessDesk) – Turners, the financial services firm formerly known as Dorchester Pacific, will probably beat annual earnings guidance, though headwinds facing the economy mean it’s too early to upgrade the forecast. Read more »

NZ Super Fund posts 15% return in 2015

Article – BusinessDesk

Sept. 16 (BusinessDesk) – The New Zealand Superannuation Fund generated a return of almost 15 percent in the 2015 financial year, beating its benchmark, but warned the above-average performance won’t go on forever. Read more »

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