Transpower hikes 1H dividend, warns of regulatory threat

Article – BusinessDesk

Feb. 27 (BusinessDesk) – Transpower, the state-owned operator of the national electricity grid, hiked its first-half dividend to the government as revenue gained on the completion of its major upgrade, but is warning earnings and future payouts could be hit by … Read more »

Allied Farmers posts 1H profit, warns on 2H dairy sales

Article – BusinessDesk

Feb. 27 (BusinessDesk) – Allied Farmers, which is rebuilding after taking over the failed Hanover and United Finance loan books, turned to a profit in the first-half as its livestock division exceeded expectations but flagged second half sales may … Read more »

Delegat posts 45% drop in 1H profit despite rising sales

Article – BusinessDesk

Feb. 27 (BusinessDesk) – Delegat Group, New Zealands largest listed wine company, has posted a 45 per cent drop in first-half profit, mainly caused by a $10.7 million writedown of its vines and grapes and losses on derivative instruments used to limit … Read more »

Vista annual profit falls less than forecast as sales climb

Article – BusinessDesk

Feb. 27 (BusinessDesk) – Vista Group International, the cinema software and analytics company, reported a smaller drop in annual profit than forecast in last year’s offer document as sales climbed 55 percent on rapid growth in its core cinema software … Read more »

Transpower announces half-year results

Press Release – Transpower

Transpower New Zealand today released its financial results for the six months ended 31 December 2014. Net profit after tax, before net changes in the fair value of financial instruments, was $107.7 million,an increase of 8% on the prior period of $99.7 million. … Read more »

GPG annual profit drops 61% as 2013 asset sales wash through

Article – BusinessDesk

Feb. 27 (BusinessDesk) – Guinness Peat Group, which is rebranding to UK threadmaker Coats after exiting its other investments, reported a 61 percent drop in annual profit after asset sales bolstered its earnings the previous year. Read more »

Mercer turns to 1H loss

Article – BusinessDesk

Feb. 26 (BusinessDesk) – Mercer Group, the stainless steel fabricator and manufacturer, reported a first-half loss after the sale of an S-Clave licence a year earlier washed through, and the company expects to lift profitability in the full year. Read more »

Russell McVeagh partners the client choice

Press Release – Russell McVeagh

The awards, established in 2005, recognise partners around the world that are notable for the excellent client service they provide. They are awarded to lawyers who add real value to their clients’ businesses. Read more »

Gentrack affirms 2015 profit guidance, looks at acquisitions

Article – BusinessDesk

Feb. 26 (BusinessDesk) – Gentrack Group, which develops utilities and airports software, affirmed its annual profit guidance said said it is looking at potential acquisitions in its core markets. Read more »

MYOB ends ‘transformational’ year with strong growth

Press Release – MYOB

MYOBs financial position goes from strength to strength, with 16% revenue and 15% EBITDA growth MYOB has reinforced its position as Australia and New Zealands leading accounting and payroll solutions provider by lifting revenue for the year … Read more »

Vital Healthcare 2015 Interim result

Press Release – Vital Healthcare Property Trust

Vital Healthcare Property Trust today announced its interim results for the six months ended 31 December 2014 and reaffirms its forecast cash distribution guidance of 8.0 cents per unit for the 12 months to 30 June 2015. A second quarter cash distribution … Read more »

Vital Healthcare 1H earnings drop 21% on bigger tax bill

Article – BusinessDesk

Feb. 26 (BusinessDesk) – Vital Healthcare Property Trust, the country’s biggest listed healthcare property investor, reported a 21 percent drop in first-half earnings as it faced a bigger tax bill relating to a lease transaction, having benefited from … Read more »

Veritas 1H profit falls on acquisition costs

Article – BusinessDesk

Veritas 1H profit falls on acquisition costs; FY earnings to be at low end of guidance Read more »

Intueri misses annual earnings forecast on NZ performance

Article – BusinessDesk

Feb. 26 (BusinessDesk) – Intueri Education Group, New Zealand’s largest private training college, missed its annual earnings forecast as its New Zealand businesses lagged behind expectations. Read more »

T&G full-year profit falls 1.9% on processing, NZ losses

Article – BusinessDesk

Feb. 26 (BusinessDesk) – Turners & Growers, the fruit marketer controlled by Germany’s BayWa, posted a 1.9 percent drop in full-year profit as improved returns from its pipfruit business were offset by losses from processed foods and New Zealand … Read more »

Scales annual profit beats IPO forecast on apple exports

Article – BusinessDesk

Feb. 26 (BusinessDesk) – Scales Corp, New Zealand’s biggest apple exporter, reported a 9.8 percent drop in annual profit, beating its offer document forecast, after better-than-expected apple volumes drove up earnings in its horticulture division. Read more »

UPDATE: Air NZ sees fare discounts; yield pressure looms

Article – BusinessDesk

Feb. 25 (BusinessDesk) – The only cloud on Air New Zealands horizon in coming months will be yield pressure as it faces more competition from foreign-owned airlines due to lower fuel costs while its adding significant capacity to its own network. Read more »

UPDATE: Ebos sees Asia opportunities in medium term

Article – BusinessDesk

Feb. 25 (BusinessDesk) – Ebos, which is heading for a record profit this year, sees opportunities to expand into Asia in the medium term, possibly in partnership with its biggest shareholder, Hong Kong-based Zuellig. Read more »

UPDATE: A2 Milk’s premium payout attracts farmer interest

Article – BusinessDesk

UPDATE: A2 Milk’s premium payout attracts farmer interest with lower dairy prices this year Read more »

Snakk announces record-breaking Q3 sales

Press Release – Snakk Media

Snakk announces record-breaking Q3 sales 47% year-on-year sales growth; two months with $1m-plus sales Read more »

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