Mighty River Power: Quarterly Operational Update

Press Release – Mighty River Power

Mighty River Powers average energy price for sales to customers in the quarter to 30 June 2014 was down 4% on the prior comparable period (pcp), reflecting the highly competitive retail electricity market. Read more »

Orion reports steady profit – capex and debt set to rise

Press Release – Orion New Zealand Limited

A sound financial performance by Christchurch-based electricity distribution company, Orion New Zealand Limited, is good news for the city and the rebuild. Orion today announced that it had made a $50m profit after tax in 2014, up $1m on the previous … Read more »

Frozen Guardian Trust fund stings ex-owner Suncorp for $4.9M

Article – BusinessDesk

July 17 (BusinessDesk) – Australian insurer Suncorp Group forked out an indemnity payment to New Zealand Guardian Trust more than three years after selling its former subsidiary at a $40 million loss. Read more »

Frucor drops dividend in 2013 as profit gains

Article – BusinessDesk

July 16 (BusinessDesk) – Frucor Beverages won’t pay a dividend to its Japanese parent for the first time since drinks giant Suntory Holdings bought the New Zealand bottler of Gatorade, V, Just Juice, h2go and Pepsi soft drinks in 2009. Read more »

Rising Suzuki S-Cross Sales & Production Milestone Coincide

Press Release – Suzuki

Buoyant New Zealand sales of the Suzuki SX4 S-Cross 5-door hatchback have made the new model a hot contender in the competitive small SUV class. Demand reached record levels in June, with sales equaling January, the previous best month when the S-Cross … Read more »

LanzaTech FY loss widens to $40.5M as biotech firm scales up

Article – BusinessDesk

July 15 (BusinessDesk) – LanzaTech New Zealand, which counts US billionaire clean-tech investor Vinod Khosla as its biggest shareholder, posted a wider full-year loss as the company scales up technology that uses microbes to convert industrial waste gases … Read more »

Tasman Mill still not making money for Norway’s Norske Skog

Article – BusinessDesk

July 10 (BusinessDesk) Norways Norske Skog is making a loss on lower revenue from its New Zealand newsprint business after closing a paper machine at its Tasman Mill, and the large industrial user doesnt like the cost of electricity here. Read more »

Skyline Enterprises keeps FY dividend unchanged

Article – BusinessDesk

July 10 (BusinessDesk) – Skyline Enterprises, the Queenstown-based tourism company whose shares trade on the Unlisted platform, will pay shareholders the same dividend for the 2014 financial year as underlying earnings were largely flat from a year … Read more »

Cottonsoft makes small profit in 2013 after FX loss

Article – BusinessDesk

July 10 (BusinessDesk) Cottonsoft, the maker of Tuffy paper towels and Kiwisoft toilet tissue, made a small profit in 2013 after booking a sizeable foreign exchange loss. Read more »

SCA’s NZ assets make money in 2013 after many restructures

Article – BusinessDesk

July 9 (BusinessDesk) The New Zealand toilet paper, nappy and tampon business Swedens Svenska Cellulosa Aktiebolaget (SCA) has owned in various structures for the past decade is now making profits on annual turnover of about $250 million. Read more »

Michael Hill annual sales rise at fastest pace in 3 years

Article – BusinessDesk

July 8 (BusinessDesk) – Michael Hill International, the jewellery chain that bears the name of its founder, increased sales 9.7 percent last year, the fastest pace in three years. Read more »

Mega Projects Propel BCS Group into Record Year

Press Release – BCS Group

Technology Company BCS Group has just reported a record year, almost doubling its turnover and securing some high profile international wins in both the airport and logistics sector. Read more »

Holcim writes down NZ manufacturing assets ahead of closure

Article – BusinessDesk

July 7 (BusinessDesk) Writedowns ahead of the closure of Holcim New Zealands Westport cement manufacturing plant in 2016 have blown a hole in the companys accounts. Read more »

Waikato-Tainui Annual Result Announced

Press Release – Waikato Tainui Group

Rahui Papa, Chairman of Te Arataura o Waikato-Tainui, has described the year as characterised by progress, consultation and opportunity, and one in which the tribal authority had advanced its social, cultural and environment programmes and its commercial strategy. Read more »

Tourism Holdings may beat annual profit guidance

Article – BusinessDesk

July 2 (BusinessDesk) – Tourism Holdings, the largest holiday vehicle rental business in New Zealand and Australia, may beat its annual profit guidance. Read more »

Tainui assets top $1 bln, operating income rises to $74.5M

Article – BusinessDesk

July 2 (BusinessDesk) – Waikatos Tainui iwi has recorded total tribal assets worth more than $1 billion for the first time since the $170 million settlement of its Treaty of Waitangi claims by the Bolger government in 1995. Read more »

Amplifon NZ reports lower profit in 2013 amid restructure

Article – BusinessDesk

July 1 (BusinessDesk) Amplifon NZ, the countrys biggest audiology business, posted a lower profit in 2013 after restructuring its store network in the face of increased competition. Read more »

Smiths City full year profit falls as sales slip

Article – BusinessDesk

June 27 (BusinessDesk) – Smiths City Group, the Christchurch-based department store chain, posted a 24 percent decline in annual profit on weaker appliance sales. Read more »

Fisher and Paykel 2014 Annual Report

Press Release – Fisher And Paykel Healthcare

Fisher and Paykel 2014 Annual Report, Annual Review and S209 Notice Auckland, New Zealand, 27 June 2014 – Fisher & Paykel Healthcare Corporation Limited (NZSX:FPH, ASX:FPH) has provided a copy of its Annual Report for the year ended 31 March 2014, … Read more »

Rio Tinto says Bluff smelter hurt by high kiwi, lower prices

Article – BusinessDesk

June 25 (BusinessDesk) – Rio Tinto Alcan (New Zealand), which holds Rio Tinto’s stake in the Bluff aluminium smelter, is mulling its response after losing an appeal against an Employment Court ruling over a claim of $13.4 million. Read more »

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