Solid Energy creditors to get at least 60c in $1

Article – BusinessDesk

Nov. 14 (BusinessDesk) – Solid Energy New Zealand’s creditors will get at least 60 cents in the dollar after the failed state-owned enterprise’s mines are sold, up from the previous range of 45 cents to 55 cents. Read more »

Mercer shares tumble after collapsed silo loss

Article – BusinessDesk

Nov. 14 (BusinessDesk) – Mercer Group shares dropped 17 percent after the stainless steel fabricator said Fonterra Cooperative Group’s final loss from the collapse of a silo it designed and supplied was $20 million. Read more »

Geneva Finance lifts 1H profit, buys debt collector

Article – BusinessDesk

Nov. 14 (BusinessDesk) – NZAX-listed Geneva Finance lifted first-half profit 34 percent and declared its first interim dividend. Read more »

Plexure Group narrows its 1H net loss on higher revenue

Article – BusinessDesk

Nov. 14 (BusinessDesk) – Plexure Group, the mobile voucher firm formerly called VMob, reported a narrower net loss in the first half as it lifted revenue and continued to streamline the business. The result was ahead of guidance. Read more »

Stride sells three Bunnings stores to Investore for $78.5m

Article – BusinessDesk

Nov. 13 (BusinessDesk) – Stride Property Group has sold three Bunnings stores to Investore Property, the unit it carved out as a standalone property owner, for $78.5 million after renegotiating the terms of the leases. Read more »

KCE announces interim result

Press Release – King Country Energy

Taumarunui, New Zealand – King Country Energy (KCE) today announced its interim result for the six months ended 30 September 2017. Read more »

SkyCity remains on track for ‘modest growth’

Article – BusinessDesk

Nov. 13 (BusinessDesk) – SkyCity Entertainment Group said revenue in the first four months of the financial year lifted 1.7 percent and it remains on track for “modest growth” in full-year earnings. Read more »

Hydroworks creditors face $12.6 mln shortfall

Article – BusinessDesk

Nov. 10 (BusinessDesk) – Unpaid creditors of Hydroworks face a $12.6 million shortfall with the liquidators of the failed hydroelectric turbine maker finding the firm had little in the way of its own intellectual property. Read more »

Bethunes narrows first-half loss

Article – BusinessDesk

Nov. 10 (BusinessDesk) – Bethunes Investments narrowed its first-half loss after benefitting from a break fee when Westgate Power Centre-subsidiary NZ Retail Property Group terminated a proposed reverse listing transaction. Read more »

Vista Group announces share split to increase liquidity

Article – BusinessDesk

Nov. 10 (BusinessDesk) – Vista Group International plans to double its shares on issue via a two-for-one split to increase market liquidity. Read more »

UPDATE: Living Cell faces slower road to commercialisation

Article – BusinessDesk

Nov. 10 (BusinessDesk) – ASX-listed Kiwi biotech firm Living Cell Technologies’ shares plunged 84 percent after the company said it won’t immediately be seeking provisional consent for its treatment for Parkinson’s disease when its latest trial did not show … Read more »

ASX-listed Volpara Health narrows first-half loss

Article – BusinessDesk

Nov. 10 (BusinessDesk) – Volpara Health Technologies, the Kiwi digital health firm listed on the ASX, narrowed its first-half loss as rising revenue put it on track to deliver faster sales growth through the remainder of the year. Read more »

Infratil lifts first-half profit 16%

Article – BusinessDesk

Nov. 10 (BusinessDesk) – Infratil lifted first-half profit 16 percent as the infrastructure investor’s earnings were buoyed by a strong result from electricity generator and retailer Trustpower. Read more »

Infratil Results for the Half Year Ended 30 September 2017

Press Release – Infratil

Infratil’s Interim Report for the period ended 30 September 2017 is now available here . Read more »

ZB Homes take top ranking on 2017 Deloitte Fast 50

Press Release – Deloitte

ZB Homes take top ranking on 2017 Deloitte Fast 50 Parrot Analytics recognised as 2017 national Rising Star winner Xero takes top ranking on the inaugural Master of Growth index Waikato and Bay of Plenty based residential home builders ZB Homes … Read more »

Trade Me predicts drop in property listings revenue

Article – BusinessDesk

Nov. 9 (BusinessDesk) – Trade Me has pared back its expectations for how much revenue property listings will deliver in the current financial year as the country’s real estate market keeps slowing but still anticipates annual earnings growth. Read more »

Vital Healthcare expects Acurity hospital purchases to clear

Article – BusinessDesk

Nov. 9 (BusinessDesk) – Vital Healthcare Property Trust expects to meet the conditions attached to buying two private hospitals in Wellington from Acurity Health Group in the “next few months”, says chair Graeme Horsley. Read more »

Precinct considers bond offer, lifts first-quarter dividend

Article – BusinessDesk

Precinct Properties New Zealand is considering a seven-year bond offer to repay bank debt. The listed commercial property investor says it is considering making an offer of secured, unsubordinated, fixed-rate seven-year bonds to institutional and New … Read more »

Goodman Property sees first-half profit down

Article – BusinessDesk

Nov. 9 (BusinessDesk) – Goodman Property Trust, the NZX-listed commercial and industrial property investor, saw first-half profit drop more than 40 percent as valuations fell on its investment properties. Read more »

Xero plans shift to ASX as it narrows first-half net loss

Article – BusinessDesk

Nov. 9 (BusinessDesk) – Xero narrowed its first-half loss and posted positive pretax earnings for the first time, while announcing it will delist from the NZX in favour of the ASX in February next year. Read more »

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