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Open Country posts record annual profit on surge in sales, sees 'strong' 2015
Sales

Open Country posts record annual profit on surge in sales, sees 'strong' 2015

Open Country Dairy, the dairy manufacturer controlled by Talley's Group, reported a record profit for 2014 as revenue growth outpaced rising cost of.

By Pattrick Smellie • 2 min read • Thu, 5th Mar 2015
Seeka post-harvest shed destroyed in fire, earnings likely to be unaffected
Insurance

Seeka post-harvest shed destroyed in fire, earnings likely to be unaffected

Seeka Kiwifruit Industries, the country's biggest kiwifruit grower, doesn't expect earnings to be materially affected by a fire that destroyed a shed.

By Pattrick Smellie • 1 min read • Thu, 5th Mar 2015
Wellington Drive widens annual loss, NZX's SuperLife underwrites $3m share issue
Supply Chain

Wellington Drive widens annual loss, NZX's SuperLife underwrites $3m share issue

Wellington Drive Technologies, the unprofitable manufacturer of energy efficient motors, widened its annual loss as sales dropped 35 percent.

By Pattrick Smellie • 2 min read • Mon, 2nd Mar 2015
Bathurst sinks into the red in first-half, still waiting for coal price to turn around
Shares

Bathurst sinks into the red in first-half, still waiting for coal price to turn around

Bathurst Resources, which last year wrote off the value of assets covered by its Buller coal project, posted a first-half loss as it continues to wait.

By Pattrick Smellie • 2 min read • Fri, 27th Feb 2015
Countdown boosts first-half earnings 2.9% amid cost cutting, higher volumes
Shares

Countdown boosts first-half earnings 2.9% amid cost cutting, higher volumes

Countdown, the New Zealand supermarket chain owned by Australian retailer Woolworths, increased first-half earnings.

By Pattrick Smellie • 2 min read • Fri, 27th Feb 2015
Marsden Maritime posts 5.7% gain in 1H profit, expects FY earnings in line with last year
Shares

Marsden Maritime posts 5.7% gain in 1H profit, expects FY earnings in line with last year

Marsden Maritime reports a solid 5.7% profit rise in H1, with full-year gains set to echo last year's figures amid steady cargo flow.

By Pattrick Smellie • 2 min read • Fri, 27th Feb 2015
Gentrack affirms 2015 profit guidance, looking at acquisitions
Gentrack

Gentrack affirms 2015 profit guidance, looking at acquisitions

Gentrack Group, which develops utilities and airports software, affirmed its annual profit guidance and said it is looking at potential acquisitions.

By Pattrick Smellie • 2 min read • Thu, 26th Feb 2015
Fliway to raise up to $50 mln in first NZ IPO of the year
Supply Chain

Fliway to raise up to $50 mln in first NZ IPO of the year

Fliway Group, the transport and logistics group, will seek up to $50 million in New Zealand's first initial public offering of the year, with a sale e.

By Pattrick Smellie • 2 min read • Thu, 26th Feb 2015
Vital Healthcare 1H earnings drop 21% on bigger tax bill
Health Technologies

Vital Healthcare 1H earnings drop 21% on bigger tax bill

Vital Healthcare Property Trust, the country's biggest listed healthcare property investor, reported a 21 percent drop in first-half earnings as it fa.

By Pattrick Smellie • 2 min read • Thu, 26th Feb 2015
Scales annual profit beats IPO forecast as apple exports drive horticulture earnings
Scales Corp

Scales annual profit beats IPO forecast as apple exports drive horticulture earnings

Scales Corp's annual profit dips but still surpasses IPO projections amid a surge in apple exports from its flourishing horticulture wing.

By Pattrick Smellie • 2 min read • Thu, 26th Feb 2015
UPDATE: Air New Zealand forecasts fare discounts; yield pressure looming
Air New Zealand

UPDATE: Air New Zealand forecasts fare discounts; yield pressure looming

The only cloud on Air New Zealand's horizon in coming months will be yield pressure as it faces more competition from foreign-owned airlines due to lo.

By Pattrick Smellie • 4 min read • Wed, 25th Feb 2015
Airwork 1H profit beats forecast, raises annual earnings guidance
Shares

Airwork 1H profit beats forecast, raises annual earnings guidance

Airwork Holdings, the aviation service firm, lifted first-half profit 19 percent, beating its prospectus guidance, and has raised its annual earnings.

By Pattrick Smellie • 2 min read • Wed, 25th Feb 2015
Summerset posts 10% rise in 2014 earnings, expects faster growth in 2015
Health Technologies

Summerset posts 10% rise in 2014 earnings, expects faster growth in 2015

Summerset Group, New Zealand's third-largest listed retirement village operator, posted a 10 percent gain in annual earnings and said it expects...

By Pattrick Smellie • 4 min read • Tue, 24th Feb 2015
Geothermal exit, dry weather wallop Mighty River earnings
Power / Energy

Geothermal exit, dry weather wallop Mighty River earnings

Electricity generator and retailer Mighty River Power declared a massive drop in earnings for the six months to Dec.

By Pattrick Smellie • 3 min read • Tue, 24th Feb 2015
NZ Post increased 1H profit 41%, helped by Kiwibank, sale of courier unit
Kiwibank

NZ Post increased 1H profit 41%, helped by Kiwibank, sale of courier unit

New Zealand Post, the state-owned mail delivery service, increased first-half profit 41 percent after selling its Australian Couriers Please business.

By Pattrick Smellie • 2 min read • Mon, 23rd Feb 2015
Freightways first-half profit jumps 21% as sales, margins grow from couriers, data management
Sales

Freightways first-half profit jumps 21% as sales, margins grow from couriers, data management

Freightways posted a 21 percent gain in first-half profit after lifting sales and fattening margins at its courier and information management units.

By Pattrick Smellie • 3 min read • Mon, 23rd Feb 2015
Auckland Airport lifts annual profit guidance as 1H earnings rise 1.3%
Auckland Airport

Auckland Airport lifts annual profit guidance as 1H earnings rise 1.3%

Auckland International Airport, the country's major gateway, raised its expectations for annual profit after first-half earnings rose.

By Pattrick Smellie • 3 min read • Fri, 20th Feb 2015

Global stories

UPDATE: A2 Milk's premium payout attracts farmer interest with lower dairy prices this year
A2 Milk Co

UPDATE: A2 Milk's premium payout attracts farmer interest with lower dairy prices this year

A2 Milk Co, which markets milk with a protein variant said to have health benefits, says it's had more interest from farmers interested in supplying t.

By Pattrick Smellie • 4 min read • Wed, 25th Feb 2015