Christchurch Airport pays special dividend

Article – BusinessDesk

Sept. 5 (BusinessDesk) – Christchurch International Airport will pay its Crown and council shareholders a special dividend after record passenger numbers helped drive a 50 percent gain in annual profit. Read more »

Profit lifts 50% at Christchurch Airport

Press Release – Christchurch Airport

Christchurch Airport (CIAL) has today announced increased net profit, revenue, and total declared dividends as a result of record passenger numbers and strong property growth. Christchurch Airports Net Profit after Tax for FY17 grew $21.5 million … Read more »

CORRECT: Sky TV shares, ex-div, drop to 18-year low

Article – BusinessDesk

CORRECT: Sky TV shares, ex-div, drop to 18-year low on report of Amazon tilt for rugby Read more »

Landcorp Back In The Black as Valuations Swing In Its Favour

Press Release – BusinessDesk

Aug. 31 (BusinessDesk) – Landcorp Farming reported a full-year profit as the state-owned farmer recog-nised a jump in the value of livestock and benefited from strong market prices. Read more »

TVNZ full-year profit drops 89% on Disney contract writedown

Article – BusinessDesk

Aug. 31 (BusinessDesk) – State-owned Television New Zealand posted an 89 percent drop in full-year profit after taking a $12.4 million writedown on the value of an “onerous” contract for content from the Disney studio and some $4.5 million of restructuring … Read more »

Powerhouse posts $11.2M full-year loss

Article – BusinessDesk

Aug. 31 (BusinessDesk) – Powerhouse Ventures turned to a full-year loss after writing off its investment in hydroelectric turbine designer Hydroworks and recognising other one-time decreases in the value of its investments. Read more »

Ports of Auckland Trims Annual Dividend as Profit Slips 28%

Press Release – BusinessDesk

Aug. 31 (BusinessDesk) – Ports of Auckland trimmed its annual return to the city as profit dropped 28 percent as the Auckland Council-owned port beefed up spending on its automation programme, which has prompted it to rethink how it engages its … Read more »

Ports of Auckland Annual Result

Press Release – Ports of Auckland

Reported net profit after tax was $60.3 million, in line with expectations. It includes the cost of investments made in sustainability, a review of our business model, cyber security, innovation and automation. Last years net profit after … Read more »

TVNZ Reports Ebitdaf of $17.4 M

Press Release – TVNZ

TVNZ reported EBITDAF of $17.4 million (down $19.5 million on the previous year) largely due to an onerous contract provision and marginal year on year declines in advertising revenue. Read more »

Trustpower looking to spin off Australian hydro generation

Article – BusinessDesk

Aug. 30 (BusinessDesk) – Trustpower will undertake a strategic review of Australian hydro generation assets as it continues to focus on its core New Zealand business with a decision expected by the end of this year. Read more »

Allied Farmers posts 60% lift in full-year profit

Article – BusinessDesk

Aug. 30 (BusinessDesk) – Rural services firm Allied Farmers reported a 60 percent lift in net profit on an improved result from its livestock division, particularly in the second half, and further cost reduction. Read more »

Veritas faces D-Day as banking facility won’t be renewed

Article – BusinessDesk

Aug. 29 (BusinessDesk) – Veritas Investments has to find $28.5 million in the next year or so after ANZ Bank New Zealand said it won’t renew its banking facilities as they come due. Read more »

Powerhouse’s Hampson resigns, effective immediately

Article – BusinessDesk

Aug. 29 (BusinessDesk) – Powerhouse Ventures, the ASX-listed incubator that put one of its investments into liquidation this month, says managing director Stephen Hampson has resigned, effective immediately, and has been replaced by chief financial officer … Read more »

CORRECT: NZOG back in black after Kupe sale

Article – BusinessDesk

Aug. 29 (BusinessDesk) – New Zealand Oil & Gas was back in the black and kept its dividend unchanged after reaping a $95 million gain on the sale of its stake in the Kupe oil and gas fields and trimming its operating and exploration costs. Read more »

Mercer Group widens annual loss on foregone tax assets

Article – BusinessDesk

Aug. 29 (BusinessDesk) – Mercer Group posted a wider loss as the cost of restructuring and foregone tax assets weighed on the bottom line. Read more »

NZOG back in black after Kupe sale

Article – BusinessDesk

Aug. 29 (BusinessDesk) – New Zealand Oil & Gas was back in the black and kept its dividend unchanged after reaping a $95 million gain on the sale of its stake in the Kupe oil and gas fields and trimming its operating and exploration costs. Read more »

BNZ 9-month profit edges up 1.8% on smaller bad debt charges

Article – BusinessDesk

Aug. 29 (BusinessDesk) – Bank of New Zealand, the local unit of National Australia Bank, posted a 1.8 percent increase in net profit for the first nine months of the year as smaller charges on bad debt made up for largely flat income. Read more »

Airwork annual profit edges up 0.7%

Article – BusinessDesk

Aug. 29 (BusinessDesk) – Airwork Holdings lifted annual profit 0.7 percent, in line with its guidance, as a bigger fleet in its fixed wing division delivered better earnings offsetting a weaker result from its helicopter unit. Read more »

Fonterra’s NZ milk collection in season to date rises 10.4%

Article – BusinessDesk

Fonterra’s NZ milk collection in season to date rises 10.4%, Australian collection up 28% Read more »

Abano Healthcare completes $35 million capital raising

Article – BusinessDesk

Aug. 28 (BusinessDesk) – Abano Healthcare said it successfully completed the shortfall bookbuild component of the $35 million capital raise announced on July 26, with strong investor support. Read more »

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