Sanford profit surges 224% as debt falls and aquaculture lifts earnings
Sanford’s aquaculture businesses – salmon and mussels – exceeded expectations. However, the wildcatch business had fallen short of…
HelloFresh profit plunges 84% as revenue drops amid customer fallout
Back in 2021, the business reported a net profit of $13.6m, representing a fall of 97% in just…
Mainfreight profit drops 18.5% as higher costs hit first-half
“Much will depend on the response to the moderately positive outlook comments and how they square with what…
SoftBank’s half-year profit almost triples amid AI frenzy
SoftBank Japanese tech group reveals it has sold its entire Nvidia stake for $5.8 billion SoftBank CEO Masayoshi Son…
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…