Veritas 1H profit falls on acquisition costs

Article – BusinessDesk

Veritas 1H profit falls on acquisition costs; FY earnings to be at low end of guidance Read more »

Intueri misses annual earnings forecast on NZ performance

Article – BusinessDesk

Feb. 26 (BusinessDesk) – Intueri Education Group, New Zealand’s largest private training college, missed its annual earnings forecast as its New Zealand businesses lagged behind expectations. Read more »

UPDATE: Fonterra maintains forecast dairy payout

Article – BusinessDesk

Feb. 26 (BusinessDesk) – Fonterra Cooperative Group, the world’s biggest dairy exporter, maintained its forecast payout to farmer shareholders for the current season, saying recent gains in whole milk powder prices were due to reduced supply rather than increased … Read more »

T&G full-year profit falls 1.9% on processing, NZ losses

Article – BusinessDesk

Feb. 26 (BusinessDesk) – Turners & Growers, the fruit marketer controlled by Germany’s BayWa, posted a 1.9 percent drop in full-year profit as improved returns from its pipfruit business were offset by losses from processed foods and New Zealand … Read more »

Scales annual profit beats IPO forecast on apple exports

Article – BusinessDesk

Feb. 26 (BusinessDesk) – Scales Corp, New Zealand’s biggest apple exporter, reported a 9.8 percent drop in annual profit, beating its offer document forecast, after better-than-expected apple volumes drove up earnings in its horticulture division. Read more »

Fonterra maintains forecast payout

Article – BusinessDesk

Feb. 26 (BusinessDesk) – Fonterra Cooperative Group, the world’s biggest dairy exporter, maintained its forecast payout to farmer shareholders for the current season, saying recent gains in whole milk powder weren’t enough to warrant an increase. Read more »

UPDATE: Air NZ sees fare discounts; yield pressure looms

Article – BusinessDesk

Feb. 25 (BusinessDesk) – The only cloud on Air New Zealands horizon in coming months will be yield pressure as it faces more competition from foreign-owned airlines due to lower fuel costs while its adding significant capacity to its own network. Read more »

MARKET CLOSE: NZX 50 rises to record, led by Xero

Article – BusinessDesk

MARKET CLOSE: NZX 50 rises to record; Xero surges on more cash; Air NZ climbs Read more »

UPDATE: Trading before Xero capital raise ‘reeks’: Forbarr

Article – BusinessDesk

Feb. 25 (BusinessDesk) – Share trading ahead of this morning’s announcement of a $147.2 million capital-raising by Xero, which caused an unexplained jump in its share price, “reeks to high heaven,” says David Price, the head of institutional … Read more »

UPDATE: Ebos sees Asia opportunities in medium term

Article – BusinessDesk

Feb. 25 (BusinessDesk) – Ebos, which is heading for a record profit this year, sees opportunities to expand into Asia in the medium term, possibly in partnership with its biggest shareholder, Hong Kong-based Zuellig. Read more »

UPDATE: A2 Milk’s premium payout attracts farmer interest

Article – BusinessDesk

UPDATE: A2 Milk’s premium payout attracts farmer interest with lower dairy prices this year Read more »

Share trading before Xero capital raise “reeks”: Forbarr

Article – BusinessDesk

Feb. 25 (BusinessDesk) – Share trading ahead of this morning’s announcement of a $147.2 million capital-raising by Xero, which caused an unexplained jump in its share price “reeks to high heaven,” says David Price, the head of institutional … Read more »

Growth Achieved, $17m Full Year Forecast

Press Release – Tourism Holdings Limited

Operating Profit Before Financing Costs and Tax (EBIT) of $10.6M up $3.4M or 48% on the prior corresponding period (pcp Read more »

Lodgement of ASX Listing Application, Proposed Board Changes

Press Release – The a2 Milk Company

The a2 Milk Company Limited ( a2MC or Company ) has today lodged an application for admission to the Official List with the Australian Securities Exchange ( ASX ) for the proposed dual listing of its securities on the ASX. a2MC will advise when further … Read more »

Wynyard Delivers Revenue Growth

Press Release – Wynyard Group

WYNYARD GROUP FULL YEAR AUDITED RESULTS FOR 2014 WYNYARD DELIVERS REVENUE GROWTH AND IS STRONGLY POSITIONED TO TAKE ADVANTAGE OF GROWING SERIOUS CRIME Read more »

KPMG welcomes debt capitalisation tax proposals

Press Release – KPMG

KPMG welcomes proposals confirming that shareholders can convert debt to equity funding for insolvent companies. This will provide business with a simple route to rationalise group structures without unwarranted tax effects. Read more »

Xero shares jump 21% after $147 million investment

Article – BusinessDesk

Feb. 25 (BusinessDesk) – Shares of Xero jumped 21 percent after US-based institutional funds invested $147.2 million via a share issue, doubling the cloud-based accounting firm’s cash on hand. It also announced Dell executive Russell Fujioka will lead its … Read more »

Fletcher nabs Spark’s Matt Crockett as head of heavy buildin

Article – BusinessDesk

Feb. 25 (BusinessDesk) – Fletcher Building has lured Matt Crockett away from Spark New Zealand to run its heavy building products division, one of two executive roles created when the company restructured its building and infrastructure products units … Read more »

Airwork 1H profit beats forecast

Article – BusinessDesk

Feb. 25 (BusinessDesk) – Airwork Holdings, the aviation service firm, lifted first-half profit 19 percent, beating its prospectus guidance, and has raised its annual earnings forecast after revising the residual value of its Boeing 737 aircraft. Read more »

Metlifecare expects to increase FY profit about 13%

Article – BusinessDesk

Metlifecare expects to increase FY profit about 13% as it expands in high-value areas Read more »

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