Tourism Holdings sees 10% lift in 2016 profit

Article – BusinessDesk

Nov. 23 (BusinessDesk) – Tourism Holdings, the campervan rental company, expects to lift profit 10 percent in the 2016 financial year, and is weighing up potential acquisitions globally and in the broader tourism industry. Read more »

Evolve shares jump on 1H profit, affirms annual guidance

Article – Businesswire

Nov. 23 (BusinessDesk) – Evolve Education Group shares jumped to a five-month high after the childcare operator said its first-profit profit was in line with forecast annual earnings. Read more »

MetroGlass first-half profit meets reduced guidance

Article – Businesswire

Nov. 23 (BusinessDesk) – Metro Performance Glass, the country’s biggest glass processor, reported first-half earnings in line with its reduced guidance as capacity constraints in the construction sector squeezed its margins, even as sales came in better than … Read more »

Top nutritionals exporter seeks growth capital

Press Release – New Image Group

Top nutritionals exporter seeks growth capital A leading New Zealand manufacturer of nutritional and well products, NIG Nutritionals (NIGN), is seeking capital to help it meet strong demand from China and wider Asian markets. NIGN is currently … Read more »

Pushpay annualised platform volume now exceeds $500m

Press Release – Pushpay

Pushpay Holdings Limited (NZSX:PAY) (Pushpay or the Company) is pleased to announce that its Annualised Monthly Payment Transaction Volume now exceeds $500 million. Read more »

IkeGPS widens 1H loss to $3 million

Article – BusinessDesk

IkeGPS widens 1H loss to $3 mln; sees trebling of annual sales on strong smartphone demand Read more »

Serko warns on FY sales as 1H comes in at bottom of range

Article – BusinessDesk

Serko warns on annual sales as first-half comes in at bottom of range, may raise capital Read more »

Blis forecasts doubling in FY sales, small pretax surplus

Article – BusinessDesk

Blis forecasts doubling in full-year sales, small pretax surplus, after first-half loss narrows Read more »

Ryman boosts 1st-half profit 23%; reaffirms annual earnings

Article – BusinessDesk

Nov. 20 (BusinessDesk) – Ryman Healthcare, New Zealands largest retirement village operator, posted a 23 percent gain in first-half profit as revenue increased from a bigger asset base and it lifted the value of properties. Read more »

Veritas affirms annual earnings guidance

Article – BusinessDesk

Nov. 19 (BusinessDesk) – Veritas Investments expects to turn around its struggling gourmet supermarket chain, Nosh Group, in the second quarter of 2016, and affirmed its annual profit guidance as it sells off poorly-performing assets from its BBC … Read more »

Trustpower cuts up to A$70M off the value of its SA windfarm

Article – BusinessDesk

Nov. 19 (BusinessDesk) – Trustpower downgraded its assessment of the potential production from the second stage of its Snowtown wind farm in South Australia by 9.4 percent, reducing operating earnings by around A$8.5 million a year “in a year of average … Read more »

Napier Port posts 3.7% decline in annual profit

Article – BusinessDesk

Napier Port posts 3.7% decline in annual profit on added cost of terminal expansion Read more »

Sanford annual profit drops 38% after writedowns, unit sales

Article – BusinessDesk

Nov. 18 (BusinessDesk) – Sanford reported a 38 percent drop in annual profit after New Zealand’s largest listed fishing group wrote down the value of businesses and exited some struggling units. Read more »

CORRECT: Kiwi Property lifts first-half earnings by 5.2%

Article – BusinessDesk

CORRECT: Kiwi Property lifts first-half earnings by 5.2% as drop in interest costs offsets weaker rentals Read more »

Kiwi Property lifts 1H earnings 5.2% as interest costs fall

Article – BusinessDesk

Kiwi Property lifts first-half earnings by 5.2% as drop in interest costs offsets weaker rentals Read more »

Coats to quit NZX and ASX

Article – BusinessDesk

Nov. 18 (BusinessDesk) – Coats Group, the UK-based threadmaker that grew out of diversified investor Guinness Peat Group, plans to quit the ASX and NZX with Australasian investors making up less than a fifth of its ownership in a bid to cut down on the … Read more »

Fletcher Building Annual Shareholder’s Meeting, 2016 Outlook

Press Release – Fletcher Building

Auckland, 17 November, 2015 – Fletcher Building chairman Sir Ralph Norris today addressed shareholders at the companys annual meeting and provided financial guidance for the financial year ended 30 June 2016. The following commentary on the operating … Read more »

Augusta first-half earnings drop 26% on year-earlier gain

Article – BusinessDesk

Nov. 17 (BusinessDesk) – Augusta Capital reported a 26 percent decline in first-half earnings as a year-earlier gain from a syndication deal wasn’t repeated and the listed property investor and fund manager predicted volatility in funds management returns. Read more »

Wellington Drive narrows 3Q loss as sales rise

Article – BusinessDesk

Nov. 16 (BusinessDesk) – Wellington Drive Technologies narrowed its third-quarter loss after the unprofitable maker of energy-efficient motors lifted sales in Latin America and Asia, and benefitted from a weaker kiwi dollar. Read more »

Fonterra redundancies rise to 835, lifts forecast earnings

Article – BusinessDesk

Nov. 16 (BusinessDesk) – Fonterra Cooperative Group, the world’s largest dairy exporter, has confirmed it has laid off 835 staff through its major restructuring this year, up from 750 announced in August. Read more »

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