Fletcher Building turns losses to profits, no dividend reinstatement yet
The business had moved at pace to improve and the strategic reset last year was now starting to…
Vector revenue rises 12% to $1b as Auckland network investment hits record $512m
The company said this reflected the first full year of the Commerce Commission’s electricity distribution pricing reset, which…
Mercury NZ profit rebounds to $321m, dividend lifted
For the current year, Mercury issued ebitdaf guidance of $1075m, and a dividend forecast of 29c. Mercury said…
Powerco profit jumps 348% as ‘paper’ derivative gains lift result
However, Powerco’s lines charges, regulated by the Commerce Commission, have increased. Powerco has upped its lines charges to…
JB Hi-Fi NZ sales jump 26% on mobile phone and computer sales growth
The company also reduced its cost-of-doing-business by 106 basis points to 13.66%, while it grew 17% in absolute…
ASB profit drops to $1.4b as class action settlement lifts costs
She said the Middle East conflict and subsequent oil price shock had caused significant disruption, changing the inflation…
Contact Energy lifts profit 31%, ties up with CDC for giant Taranaki data centre
Contact and CDC – which is half-owned by Infratil – would seek resource consent for a 250 megawatt…
Delegation, AI are reshaping the public pension CIO role of the future — and may push consultants to the background – Pensions & Investments
Delegation, AI are reshaping the public pension CIO role of the future — and may push consultants to…
Horror film ‘Obsession’ is exploding cinema profit records
In absolute terms, Hollywood mega-hits such as the Avatar films, Frozen or Titanic made more money but with…
Skellerup lifts profit forecast on strong US demand
“The US market is our largest, with robust demand for our products into potable water, wastewater, dairy, footwear…
CDC Data Centres New Zealand swings to $88m loss, clocks $38m tax benefit
After cost-of-sales of $17.1m, the subsidiary had a gross profit of $117.3m from the year-ago $76m. Big loss…
News in 90 Seconds July 6
The morning’s headlines in 90 seconds include severe flooding in Otago, searing wildfires in Europe and a rude…