Indonesian banks brace for government policy headwinds after profit slump
Finance Shariah-compliant lenders defy industry’s poor performance amid weak consumer sentiment Of Indonesia’s four largest lenders, only Bank…
Downer New Zealand makes $2.5b revenue, profit up 247% after expenses fall
All up, expenses were down from $2.6b to $2.4b. In May, Hawkins was ranked the country’s busiest builder.…
Westpac’s profit jumps 13%, as it fattens its margins; CEO says average borrower is ahead on their mortgage repayments
The value of term deposits held by the bank fell by 2%, while transaction and savings deposits rose…
Meta shares sink as US$16b US tax charge tanks profit
Costs and expenses in the quarter were $30.71b, an increase of 32% from the same period last year,…
New Zealand’s Wegovy and Ozempic alternative Calocurb says it’ll double its business with new US deal
The CRI approached supplement industry veteran Sarah Kennedy, who in 2021 formed Calocurb to commercialise the product. Kennedy’s…
Tesla profit falls 37% to $2.4 billion on higher costs, tariffs
Tesla has reported a hefty drop in profits, citing a drag from tariffs and other expenses that more…
Macpac revenue and profit fall as New Zealand demand softens
The business has 39 stores in New Zealand, 26 in the North Island and 13 in the South…
Bottle-O, Liquor Centre owner posts lower revenue, flat profit as alcohol consumption declines
Tasman Liquor also made a substantial dividend payment of $7.77m to its Australian parent entity, Metcash. The business…
Fonterra posts $1.08b profit, confirms farmgate milk price range
The dairy co-op confirmed its farm gate milk price for the season just past at $10.16 per kg…
UDC Finance makes solid profit but credit losses climb – Stock Takes
UDC continues to make improved profits, with its accounts showing net income rose 39% to $249.84m in fiscal-year…