Pacific Edge annual loss widens, US push drives sales boost

Article – BusinessDesk

May 24 (BusinessDesk) – Pacific Edge widened its annual loss as the cancer diagnostic company’s focus on expanding its US footprint drove a 62 percent boost in sales. Read more »

AFT Pharmaceuticals reports FY17 loss

Article – BusinessDesk

May 24 (BusinessDesk) – AFT Pharmaceuticals, which manufactures the Maxigesic painkiller, reported a full-year loss in the year to March 31 but expects to significantly narrow those deficits this year and return to profitability in the 2018/19 period. Read more »

Pacific Edge Limited Full Year Results to 31 March 2017

Press Release – Pacific Edge

Steady growth in sales and laboratory throughput; strong progress on targeted transformational customers Total revenue up 33% to $9.5m, including a 62% increase in operating revenue up to $8.1m with growth coming from new and existing commercial customers … Read more »

Fonterra Increases Farmgate Milk Price And Earnings Update

Press Release – Fonterra

Fonterra Co-operative Group today increased its 2016/17 forecast Farmgate Milk Price by 15 cents to $6.15 per kgMS. Read more »

Macquarie lifts F&P Healthcare price target by 7.3%

Article – BusinessDesk

May 23 (BusinessDesk) – Macquarie Group lifted its 12-month target price on Fisher & Paykel Healthcare by 7.3 percent and kept its ‘outperform’ rating after the company’s full-year revenue growth beat expectations and as a weaker New Zealand dollar weighs … Read more »

Rex Bionics shareholders agree to watered down stake

Article – BusinessDesk

May 23 (BusinessDesk) – Rex Bionics investors have backed a deal that will see their investment diluted to little more than a third of the company in exchange for a A$10 million lifeline by Australian fund manager and fellow shareholder BioScience Managers. Read more »

Serko shares climb to 6-month high as annual loss shrinks

Article – BusinessDesk

May 23 (BusinessDesk) – Serko shares jumped to a six-month high after the online travel booking software firm said it boosted sales and scaled back spending, allowing it to almost halve its annual loss and affirm its target of making a profit in 2018. Read more »

Serko narrows annual loss as sales rise

Article – BusinessDesk

May 23 (BusinessDesk) – Serko almost halved its annual loss as the online travel booking software firm boosted sales and scaled back spending, giving it confidence to affirm its target of making a profit in 2018. Read more »

Serko on Track to Generate Annual Profit

Press Release – Serko

Cloud based corporate travel and expense management solution providers online transaction volumes rose 18% in the 2017 financial year. Cash reserves of $4.5 million ahead of guidance and sufficient to fund growth plans. Serko is currently generating … Read more »

Motor Trade Finance reports lower underlying profit

Article – BusinessDesk

May 22 (BusinessDesk) – Motor Trade Finance reported a 3.4 percent slide in underlying profit but continues to grow market share in a very competitive car lending market. Read more »

F&P Healthcare posts 18% gain in full-year profit

Article – BusinessDesk

F&P Healthcare posts 18% gain in full-year profit on record sales, upbeat about 2018 Read more »

Evolve Education lifts annual profit 1.5%

Article – BusinessDesk

May 22 (BusinessDesk) – Evolve Education Group reported a 1.5 percent gain in full-year profit as revenues continued to rise with the childcare operator’s expanding portfolio of early childhood education centres. Read more »

Kiwi Property annual profit falls 43%

Article – BusinessDesk

May 22 (BusinessDesk) – Kiwi Property Group posted a 43 percent fall in annual profit as the value of its property portfolio rose at a slower pace than a year earlier, and it expects more moderation in the broader real estate market. Read more »

Infratil flush with investment options

Article – BusinessDesk

May 19 (BusinessDesk) – Listed infrastructure investor Infratil is option rich in ways to spend its money after overhauling its portfolio and says US renewable energy projects show a lot of promise. Read more »

Ryman chalks up another record profit

Article – BusinessDesk

May 19 (BusinessDesk) – Ryman Healthcare posted a record annual profit, adding to its run of 15 years of earnings growth, as the hot property market underpinned gains from resales of its occupancy rights. Read more »

Ryman Healthcare’s full year underlying profit up 13%

Press Release – Ryman Healthcare

Ryman Healthcares underlying profit rose 13% to $178 million during the year, while valuation gains lifted audited reported profit after tax by 17% to $357 million. Total assets grew 24% to $4.9 billion. Read more »

Australia’s Trustee Partners wins over Complectus

Article – BusinessDesk

May 18 (BusinessDesk) – Australian corporate trustee firm Trustee Partners has won over New Zealand’s Complectus, which owns the Perpetual Guardian supervisory business, with an offer that was attractive enough to trump plans for a $150 million initial … Read more »

Pushpay annual loss widens as it invests to drive US growth

Article – BusinessDesk

May 18 (BusinessDesk) – Pushpay Holdings, whose mobile payment app allows churches to raise money from parishioners, posted a wider annual loss as it invests for future growth. It reiterated its financial targets for this year. Read more »

Rakon full-year loss widens

Article – BusinessDesk

May 18 (BusinessDesk) – Rakon posted a wider full-year loss after sales fell 16 percent and the company recognised an impairment against its Centrum Rakon India joint venture. Read more »

Goodman Property reports 9% decline in full-year profit

Article – BusinessDesk

May 18 (BusinessDesk) – Goodman Property Trust, the NZX-listed commercial and industrial property investor, reported a 9 percent decline in full-year net profit on a deferred tax payment and lower investment property revaluations and was slightly less upbeat … Read more »

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