NZ Refining annual profit drops 69% from a record year

Article – BusinessDesk

NZ Refining annual profit drops 69% from a record year with margins weaker in 2016 Read more »

Scales Corporation Delivers Record Underlying Profit

Press Release – Scales Corporation Ltd

FY2016 financial results set new Group record: o Net Profit for the Year of $38.2 million, 6 per cent above FY2015 (Restated). o Underlying Net Profit[1] of $38.6 million, 11 per cent above FY2015 (Restated). o Underlying EBITDA[2] of $67.9 million, … Read more »

Seeka delivers record $10.4m profit for 2016

Press Release – Seeka

Te Puke, 27 February — Seeka (NZX-SEK) has announced an audited net profit after tax of $10.4 million for the 12 months to 31 December, 2016, up 143 per cent on the previous corresponding period (PCP). Turnover increased 24 per cent to $229.4 million, … Read more »

Metlifecare’s Sowry: ‘little bit of softening’ in property

Article – BusinessDesk

Metlifecare’s Sowry sees ‘little bit of softening’ in property market, no let-up on costs Read more »

Mercer narrows first-half loss, predicts stronger 2H

Article – BusinessDesk

Feb. 27 (BusinessDesk) – Mercer Group, the stainless steel fabricator, posted a $2.6 million loss in the first half, but said it’s anticipating a return to positive pre-tax earnings for the second half despite the “disappointing” start. Read more »

Vital announces two off-market hospital acquisitions

Press Release – Vital Healthcare Property Trust

Vital Healthcare Property Trust (Vital) today announced the acquisition of a 30-bed private mental health hospital in Western Australia for A$20.0m and a 31-bed private surgical hospital in Auckland for $33.0m. Although acquired separately, the combined … Read more »

Spark announces Netflix partnership

Article – BusinessDesk

Feb. 27 (BusinessDesk) – Spark New Zealand has announced what it says is an exclusive deal with Netflix to offer bundled packages, just days after the Commerce Commission rejected Sky Network Television’s proposed merger with Vodafone New Zealand on the … Read more »

NZ lamb wool price picks up

Article – BusinessDesk

Feb. 24 (BusinessDesk) – New Zealand lamb wool prices picked up as the volume of bales offered for sale at auction declined. Read more »

NZ nappy competition weighs on earnings for Asaleo

Article – BusinessDesk

Feb. 23 (BusinessDesk) – Asaleo Care, the Australian stock exchange-listed maker of household brands such as Libra, Sorbent, Purex and Treasures, posted a 22 percent drop in annual profit with revenue declining as it faced more competition in the … Read more »

Trade Me CEO Macdonald sees scope to improve marketplace

Article – BusinessDesk

Feb. 23 (BusinessDesk) – Trade Me chief executive Jon Macdonald sees more options to improve the online marketplace’s retail offering but isn’t ready to give the game away with Facebook’s rival offering already available and the threat of Amazon still … Read more »

Qantas reports slide in first-half earnings

Article – BusinessDesk

Feb. 23 (BusinessDesk) – Australia’s biggest airline Qantas Airways reported a slide in first-half profit but its Jetstar Group, which includes New Zealand domestic and regional as well as Australia outbound flights among others, did better. Read more »

Vital Healthcare 1H distributable income rises 87%

Article – BusinessDesk

Feb. 23 (BusinessDesk) – Vital Healthcare Property Trust, the Auckland-based hospital and healthcare property developer and investor, said its first-half net distributable income rose 87 percent as acquisitions and developments helped drive rental income … Read more »

Investors wipe nearly $300M off Sky TV valuation

Article – BusinessDesk

Feb. 23 (BusinessDesk) – Sky TV Network Television shares were hammered when trading opened on the New Zealand stock exchange this morning, with investors wiping $293 million off the value of the pay-TV provider after this morning’s rejection of its … Read more »

Trade Me first half profit climbs 16%

Article – BusinessDesk

Feb. 23 (BusinessDesk) – Trade Me lifted first-half profit 16 percent signalling an end to an investment phase for the online marketplace and business, although the result fell just short of analyst expectations. Read more »

Fonterra Confirms 2016/17 Forecast Farmgate Milk Price

Press Release – Fonterra

Fonterra is required to consider its forecast Farmgate Milk Price every quarter as a condition of the Dairy Industry Restructuring Act. For this purpose, Fonterra Co-operative Group Limited today confirmed the forecast Farmgate Milk Price of $6.00 per kgMS … Read more »

UPDATE2: Fletcher shares drop after 1H results

Article – BusinessDesk

Feb. 22 (BusinessDesk) – Fletcher Building shares fell after the company posted a 2 percent gain in first-half profit that included unexpectedly weak earnings from its construction division that included a loss in the “tens of millions” on a major … Read more »

A2 CEO, chair sell down holdings following strong first-half

Press Release – BusinessDesk

Feb. 22 (BusinessDesk) – A2 Milk Co’s chief executive and chair have sold down their stakes in the milk marketing firm, less than a week after reporting first-half profit more than tripled as demand for its A2 Platinum infant formula surged in its key … Read more »

UPDATE: Fletcher shares drop

Article – BusinessDesk

Feb. 22 (BusinessDesk) – Fletcher Building shares fell after the company posted a 2 percent gain in first-half profit that included unexpectedly weak earnings from its construction division, especially given its $2.7 billion backlog of work. Read more »

Steadfast announces 12% underlying EPS growth for first half

Press Release – Steadfast

Steadfast announces 12% underlying EPS growth for first half FY 17 and re-affirms FY 17 guidance Read more »

Strong first half delivers revenue, profit growth

Press Release – EBOS Group

EBOS Group today announced an interim unaudited net profit of $68.8 million for the six months to 31 December 2016 following significant growth across its Healthcare and Animal care divisions in Australia and New Zealand. Read more »

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