MARKET CLOSE: NZ shares rise, led by Coats; Nuplex gains

Article – BusinessDesk

May 22 (BusinessDesk) – New Zealand shares rose, led by Coats Group after it said earnings were on track. Nuplex Industries advanced after it flagged it would lift its dividend payments. Read more »

UPDATE: Ryman posts 24% rise in FY profit on values gain

Article – BusinessDesk

May 22 (BusinessDesk) – Ryman Healthcare, New Zealand’s largest listed retirement village builder and operator, posted a 24 percent gain in annual profit as the value of its properties increased and revenue rose. Read more »

UPDATE: Comvita lifts FY profit 28% to record

Article – BusinessDesk

UPDATE: Comvita lifts FY profit 28% to record as Asian tourists help drive sales growth Read more »

Serko’s annual loss widens, targets profitability in 2017

Article – BusinessDesk

May 22 (BusinessDesk) – Serko, the online travel booking business, reported a wider annual loss in line with its prospectus forecast, while delivering slower growth in sales than anticipated, and is targeting profitability in the first half of 2017. Read more »

Nuplex boosts annual dividend 28%, lifts payout range

Article – BusinessDesk

May 22 (BusinessDesk) – Nuplex Industries, the specialty chemical and resin maker, expects to increase its annual dividend by nearly a third and has lifted payout ratio to 60 percent of profit. Read more »

RESEND MARKET CLOSE: NZ shares rise; DNZ gains; Spark drops

Article – BusinessDesk

RESEND MARKET CLOSE: NZ shares rise; DNZ gains; Spark drops; Chorus at 2.5 year high Read more »

MARKET CLOSE: NZ shares rise; DNZ gains; Spark drops

Article – BusinessDesk

MARKET CLOSE: NZ shares rise; DNZ gains; Spark drops; Chorus at 2.5 year high Read more »

Heartland flags profit at top end of guidance

Article – BusinessDesk

May 21 (BusinessDesk) – Heartland New Zealand, the bank formed through the merger of Canterbury and Southern Cross building societies with Marac Finance, says it expects full year profit to be at the upper end of its guidance range. Read more »

Rakon returns to annual profitability

Article – BusinessDesk

May 21 (BusinessDesk) – Rakon, the high-tech components manufacturer, has returned to profitability while doubling its debt and turning to a negative cash outflow, after an overhaul of operations which saw it closes its UK plant and shift production … Read more »

DNZ posts 66% gain in annual profit

Article – BusinessDesk

May 21 (BusinessDesk) – DNZ Property Fund, the sixth-biggest property stock on the NZX 50 Index by market capitalisation, posted a 66 percent gain in annual profit as it benefited from its property divestment plan, selling five properties and boosting … Read more »

CORRECT: Intueri sees FYearnings at bottom end of guidance

Article – BusinessDesk

May 21 (BusinessDesk) – Intueri Education Group, New Zealand’s largest private training college, expects annual earnings will be at the bottom end of guidance based on current trading performance, having missed prospectus targets in calendar 2014. Read more »

Augusta Capital increases FY earnings by 5%

Article – BusinessDesk

May 21 (BusinessDesk) – Augusta Capital, the listed property investor and fund manager, increased annual earnings by 5 percent as gains from its funds management business offset a decline in rental income. Read more »

Intueri sees annual earnings at bottom end of guidance

Article – BusinessDesk

May 21 (BusinessDesk) – Intueri Education Group, New Zealand’s largest private training college, expects annual earnings will be at the bottom end of guidance based on current trading performance, having missed prospectus targets in calendar 2014. Read more »

Colin McKenzie steps down as Cavalier CEO ahead of FY loss

Article – BusinessDesk

Colin McKenzie steps down as Cavalier CEO ahead of writedowns that will lead to FY loss Read more »

APN’s NZME sees future in paywalls, growth in digital sales

Article – BusinessDesk

May 20 (BusinessDesk) – APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany’s Die Welt uses, saying an “integrated sales proposition” is helping it win market share, including … Read more »

Goodman Property lifts FY earnings 5.4% on revenue growth

Article – BusinessDesk

May 20 (BusinessDesk) – Goodman Property Trust, which has teamed up with Singapore government-owned GIC to develop the Auckland Viaduct Quarter, lifted annual earnings 5.4 percent as it reaped higher rental revenue while clamping down on costs. Read more »

MARKET CLOSE: NZ shares fall led Spark, SkyCity, Xero

Article – BusinessDesk

May 19 (BusinessDesk) – New Zealand shares fell, led by Spark New Zealand and paced by Sky City Entertainment Group and Xero, ahead of the March 31 earnings season. Infratil rose. Read more »

Snowtown sale likely to fund more Aussie Trustpower projects

Article – BusinessDesk

May 19 (BusinessDesk) – Infratil expects its 68 percent-owned utility Trustpower to sell down its stake in the now completed Snowtown wind power project in South Australia to fund other emerging renewable energy opportunities in Australia, said … Read more »

Infratil signals cautious new investment approach

Article – BusinessDesk

May 19 (BusinessDesk) – Infrastructure portfolio investor Infratil is to make a second special dividend payment to shareholders as it anticipates less capital investment in the year ahead and high prices for potential acquisitions make the company cautious. Read more »

Rubicon renews ANZ facilities, issues US$7M in notes

Article – BusinessDesk

May 19 (BusinessDesk) – Rubicon, the forestry biotech company spun out of Fletcher Challenge, has extended its financing arrangements with ANZ Bank New Zealand and issued US$7 million in notes to its major shareholder David Knott and its board members. Read more »

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