Summerset third-quarter sales lift 21%

Article – BusinessDesk

Oct. 5 (BusinessDesk) – Summerset Group lifted third-quarter sales 21 percent from a year earlier as the opening of the main building at the retirement village’s Wigram site in Christchurch attracted new residents. Read more »

ACC’s investment team deliver 10.2% return in 2016

Article – BusinessDesk

Oct. 4 (BusinessDesk) – Accident Compensation Corp’s investment team delivered a net 10.2 percent return on assets in the 2016 financial year, outperforming its benchmark for a 21st year and helping offset the impact low-interest rates had on increasing … Read more »

Tribal wealth continues to grow whānau wellbeing

Press Release – Te Runanga o Ngai Tahu

Te Rnanga o Ngi Tahu has achieved another strong financial performance with a profit of $168.73m (post distribution) for the year ended 30 June 2016. Naturally we are delighted by this result, not only is it testament to the performance of our … Read more »

ACC buys high, sells low as Intueri surprises investors

Article – BusinessDesk

Sept. 30 (BusinessDesk) – Fund managers including those at the Accident Compensation Corp were among sellers of Intueri Education Group shares this week that sent the company to a record low in the wake of a cascade of bad news. Read more »

Lateral reaches new subscriber benchmark

Press Release – Lateral

Lateral Corporation is pleased to announce an update of subscriber numbers. Current subscriptions reached 3,000 yesterday, up from 2,000 on 9th September. Read more »

Christchurch City Holdings grows underlying profit

Press Release – Christchurch City Holdings Limited

Christchurch City Holdings Ltd (CCHL) reported an underlying profit before tax for the consolidated Group of $138.4m for the year to June, 2016, up 5.7% on last years $130.9m. Read more »

Singapore Airlines lifts 2016 profit in NZ

Article – BusinessDesk

Sept. 30 (BusinessDesk) – The New Zealand branch of Singapore Airlines lifted annual profit by 63 percent as cheap jet fuel helped the airline fatten margins while reaping smaller passenger revenues. Read more »

Pumpkin Patch loss widens as sales slide, debt mounts

Article – BusinessDesk

Sept. 29 (BusinessDesk) – Pumpkin Patch’s annual loss widened by 71 percent as the indebted children and babywear retailer’s revenue sank with store closures and as its international wholesale business struggled. Read more »

Plexure’s annualised revenue rises to $7.1M

Press Release – BusinessDesk

Sept. 29 (BusinessDesk) – Plexure Group, the digital advertising firm formerly known as VMob, has increased annualised committed monthly revenue (ACMR) by almost a third with a view to reaching $10 million mark by the end of the year, and is considering … Read more »

Innovation key to shaping Bank’s past and future

Press Release – Reserve Bank

The Reserve Bank’s Annual Report 2015-16 demonstrates the Bank’s commitment to innovation as it continues to promote a sound and dynamic monetary and financial system, Governor Graeme Wheeler said today. Read more »

Tatua Financial Results for the Year Ended 31 July 2016

Press Release – Tatua Co-operative Dairy Company Ltd

The Board of Directors of The Tatua Co-operative Dairy Company met on 28 September 2016 to consider the financial results and decide on the final payout to its 113 Suppliers for the 2015/16 season. Read more »

Smuggler Marine removes references to Sealegs technology from website

Press Release – BusinessDesk

Sept. 28 (BusinessDesk) – Smuggler Marine, an Auckland-based boatbuilder, has removed references to Sealegs Corp amphibious boat technology from its website ahead of an application for a High Court injunction next month over the alleged infringement … Read more »

Results Announcement: Port Otago sails on

Press Release – Port Otago

Port Otago continues to deliver, reporting an improved dividend of $7.3 million to its parent Otago Regional Council for the year to end June 2016. Read more »

Wellington Drive gets $2 mln funding line from SuperLife

Press Release – BusinessDesk

Sept. 23 (BusinessDesk) – Wellington Drive Technologies, the maker of energy efficient motors for commercial refrigerators, has taken a $2 million facility from major shareholder SuperLife, the investment fund owned by NZX. Read more »

Warehouse’s new strategy big on data; profit rises 12%

Press Release – BusinessDesk

Sept. 23 (BusinessDesk) – Consumers wanting retailers to show me you know me is at the heart of a technology push under a new three-year strategy revealed today by Warehouse Group chief executive Nick Grayston, as the countrys largest listed … Read more »

Hallenstein full-year profit drops 21% on Glassons Australia

Article – BusinessDesk

Sept. 23 (BusinessDesk) – Hallenstein Glasson Holdings posted a 21 percent decline in full-year profit, reflecting a loss from its Glassons unit in Australia and weaker earnings from its flagship menswear chain. Read more »

Warehouse lifts annual earnings 12%

Article – BusinessDesk

Sept. 23 (BusinessDesk) – Warehouse Group lifted annual earnings 12 percent, just beating the top end of its guidance, as the country’s largest listed retailer eked out bigger reductions in its cost base to widen operating margins. Read more »

Orion Health: strong kiwi weighing on revenue, cash position

Article – BusinessDesk

Orion Health, the health software developer, is still on track to return to profit in 2018, though the strength of the kiwi is crimping revenue in local currency terms and drained more cash than anticipated. Read more »

Trilogy International shares slump 14% on FY2017 guidance

Article – BusinessDesk

Sept. 22 (BusinessDesk) – Shares in stock-market darling Trilogy International slumped 14 percent after the skincare and home fragrance company told investors at its annual general meeting in Auckland it expects to achieve revenue of $100 million or above … Read more »

Restaurant Brands’ second-quarter sales rise 32%

Article – BusinessDesk

Sept. 22 (BusinessDesk) – Restaurant Brands New Zealand posted a 32 percent gain in second-quarter sales, with the bulk of the increase coming from the 42 KFC stores in New South Wales acquired in April. Read more »

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