Southern Cross Health surplus jumps to $35mn

Article – BusinessDesk

Sept. 15 (BusinessDesk) – Southern Cross Health Society, the not-for-profit health insurer, saw its surplus increase sharply in the year ended June 30, as premium income rose much faster than claims from members. Read more »

Turners says pretax earnings may rise 14% in first half

Article – BusinessDesk

Sept. 14 (BusinessDesk) – Turners Group, the financial services firm formerly known as Dorchester Pacific, said pretax earnings may rise 14 percent in the first half, putting the company on track for annual profit growth. Read more »

Jade Software targets early return to profit

Article – BusinessDesk

Sept. 13 (BusinessDesk) – Jade Software expects to return to profitability ahead of its target of late 2017 as customers show renewed vigor in buying the software developer’s port management software. Read more »

2016 halftime report all good news for Jade Software

Press Release – JADE

Christchurch, 13 September 2016 – The first half of 2016 has seen strong revenue growth for Jade, propelling the company ahead of its targets. This is the result of longstanding partnerships being renewed, and new customers coming on board across … Read more »

Tower stock slumps to 12-year low

Article – BusinessDesk

Sept. 8 (BusinessDesk) – Tower shares slumped to their lowest in more than a decade after the general insurer warned it expects to have to fork out more for Canterbury earthquake claims. Read more »

Tower says extra Canterbury quake provisions hurt profit

Article – BusinessDesk

Sept. 8 (BusinessDesk) – Tower expects to take a $16.2 million hit to its after-tax profit as the general insurer increases claims provisions for the Canterbury earthquake due to greater-than-expected new claims from the Earthquake Commission and increased … Read more »

Milford Funds profit tumbles 71% as regulatory costs mount

Article – BusinessDesk

Sept. 7 (BusinessDesk) – Milford Funds, the public issuer of Milford Asset Management’s retail funds, posted a 71 percent decline in annual profit as the fund manager hired workers and incurred costs to introduce new processes in response to regulatory requirements. Read more »

Christchurch Airport lifts profit, pays record $31 dividend

Article – BusinessDesk

Sept. 6 (BusinessDesk) – Christchurch International Airport, which is 75 percent owned by the city council, lifted annual profit 10 percent and increased its dividend payout to a record $31 million. Read more »

Christchurch Airport sets multiple records in FY16

Press Release – Christchurch Airport

Christchurch Airport set an all-time record of 6.3 million passengers for financial year 2016 (FY16) through servicing the South Island tourism market, and in doing so pumped more than $180 million in new GDP into the regions of the South Island … Read more »

Vodafone New Zealand FY2016 Results

Press Release – Vodafone NZ

Vodafone New Zealands FY2016 financial results were published by the New Zealand Companies Office earlier this morning. Read more »

PharmaZen first-half profit rises 23%

Article – BusinessDesk

Sept. 5 (BusinessDesk) – PharmaZen, the Christchurch-based animal and human nutrition manufacturer, said first-half profit rose 23 percent as an increase in sales was offset by the impact of a strong kiwi dollar and higher depreciation charges. Read more »

PharmaZen continues strong capex investment

Press Release – PharmaZen

In the six months to June, 2016, PharmaZen had a half-year profit of $290,000 (after interest and depreciation) on turnover of $3.71m compared with a $230,000 profit for the same period last year (turnover $3.63m). Shares in PharmaZen are traded through … Read more »

Winter runs hot for Mitsubishi Motors NZ

Press Release – Mitsubishi Motors

Mitsubishi Motors NZ is on track to record its seventh consecutive year of growth, bolstered by an outstanding month of sales in August up 36% on the same month last year. Read more »

TFE Hotels Reports Highest Ever Annual Growth

Press Release – TFE Hotels

01 September 2016 Australian-based TFE Hotels (Toga Far East Hotels) has reported its highest ever annual growth and its biggest pipeline of new hotel projects on the back of a stellar year of growth across its key markets, as it prepares for the … Read more »

Positive response to result sees insurer double in value

Press Release – CBL Corporation

A positive response to CBL Corporations half-year results has pushed the specialist insurance providers share price through the $3.00 mark. Read more »

Zespri volumes, returns grow

Press Release – Zespri

Zespris Annual Meeting today recapped the strong 2015/16 season for the kiwifruit industry record sales and highest-ever total grower returns as well as charting the industrys future as the government approves amendments to the Kiwifruit Regulations. Read more »

Mad Butcher owner Veritas shares slump 17% on losses

Article – BusinessDesk

Aug. 31 (BusinessDesk) – Shares in Veritas, the listed hospitality group which owns the Mad Butcher franchise and the Nosh food markets, have slumped 17 percent after its unaudited full-year results showed heavy losses and a board weighing up whether … Read more »

Foley Family Wines profit jumps on bumper 2016 harvest

Article – BusinessDesk

Aug. 31 (BusinessDesk) – Foley Family Wines, which operates brands including Vavasour and Martinborough Vineyard has more than quadrupled full-year profit to $6.5 million after a bumper harvest. Read more »

Landcorp books $9.4 million loss in FY16

Article – BusinessDesk

Aug. 31 (BusinessDesk) – State-owned corporate farmer Landcorp reported a $9.4 million operating loss in the year to June 30, as declining dairy prices hit revenues. Read more »

Mayor welcomes strong financial results

Press Release – Office of the Mayor of Auckland

AucklandMayor Len Brownhas welcomed strong financial results published by AucklandCouncil Group, Auckland International Airport Limited and Ports of Auckland Limited. Read more »

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