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Cavalier sees first-half profit up as much as 82%

Article – BusinessDesk

Cavalier Corp says the factory closures and job cuts of recent years are paying off with first-half profit set to rise by as much as 82 percent, even as the company faces softer market conditions in both Australia and New Zealand. Read more »

Scales hikes interim dividend on rising earnings outlook

Article – BusinessDesk

Scales Corp will pay a bigger interim dividend than a year ago and says it may exceed annual earnings guidance as all its units tracking ahead of 2017. Read more »

Fonterra likely to cut forecast payout to farmer shareholder

Article – BusinessDesk

Fonterra Cooperative Group is expected to cut its forecast payout to farmers when it publishes first-quarter results on Thursday. Read more »

Hallenstein Glasson finds the going tough

Article – BusinessDesk

Hallenstein Glasson Holdings says its finding the going tough despite its sales for the first 17 weeks of the financial year being 4.8 percent ahead of the same period last year. Read more »

TIL, Z Energy prepare for tanker driver strike

Article – BusinessDesk

The countrys biggest fuel trucker says it is disappointed by a planned driver striker this month and will work to minimise any impact on supplies and motorists. Read more »

A2 to meet new China e-commerce rules by March 31 deadline

Article – BusinessDesk

A2 Milk is confident it will meet all new Chinese cross-border e-commerce requirements affecting the sale of its Platinum infant formula in that country on or before March 31 next year. Read more »

Tourism Holdings asset sale off; suitor failed to lower cost

Article – BusinessDesk

Tourism Holdings won’t sell any of its New Zealand businesses after the potential suitor walked away when the Kiwi firm wouldn’t budge on price. Read more »

Mercer may end up in court over Edendale silo collapse

Article – BusinessDesk

Nov. 29 (BusinessDesk) – Mercer Group wants to negotiate a settlement over the 2016 collapse of a silo at Fonterra Cooperative Group’s Edendale factory, but acknowledges it may end up in court. Read more »

QEX triples first-half sales, near quadruples profit

Article – BusinessDesk

Nov. 29 (BusinessDesk) – QEX Logistics says it more than tripled first-half sales, near quadrupled first-half net profit and is on track to achieve its annual sales target of $60 million. Read more »

Pacific Edge returns to the capital well as sales grow

Article – BusinessDesk

Nov. 29 (BusinessDesk) – Capital hungry Pacific Edge is asking shareholders and other investors to stump up with another $12 million after burning through another $8.6 million in cash in the six months ended September. Read more »

Gentrack shares sink on its Brexit caution

Article – BusinessDesk

Nov. 29 (BusinessDesk) – Gentrack says its cautious about how Brexit will affect its business in Britain and Europe in the short-term, even though it remains confident it can grow organic operating earnings at 15 percent or more in the long term. Read more »

Moa narrows 1H loss, reiterates break-even target

Article – BusinessDesk

Nov. 29 (BusinessDesk) – Brewer Moa Group reported a slightly narrower first-half loss on improved sales and reduced administration and marketing costs. Read more »

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