2degrees earnings rise 6%; handset sales underpin revenue gains

Paul McBeth
Thu, 28 Mar 2019

By Paul McBeth March 29 (BusinessDesk) - Two Degrees Mobile lifted annual earnings 6 percent in 2018 as the country's challenger mobile network sold more handsets, beating expectations on a common-currency basis.  The New Zealand arm of Trilogy International Partners reported adjusted earnings before interest, tax, depreciation and amortisation of US$90.4 million in calendar 2018, up from $US$85.3 million a year earlier. In New Zealand dollar terms, the increase was 9 percent, eclipsing the 5-7 percent increase it had expected.  Sales...
Economy
BRIAN GAYNOR: Aluminium smelter reaches use by date
Brian Gaynor | Sat, 11 Jul 2020

The negative market reaction to Rio Tinto’s announcement that it was winding down the Tiwai Point aluminium smelter was overdone, particularly for investors with long-term perspectives. The smelter...

Markets
MARKET CLOSE: NZ shares fall as energy sector sell-off continues
Dan Brunskill | Fri, 10 Jul 2020

New Zealand shares fell as energy stocks declined for a second day following the announcement Rio Tinto’s New Zealand aluminium smelter will close. Chorus led the market lower on the risk of more r...

Finance
Metlifecare and EQT enter new $6 per share takeover agreement
Jenny Ruth | Fri, 10 Jul 2020

Metlifecare said it has entered into a new scheme of arrangement with Swedish company EQT to buy all its shares for $6 each, a dollar less than the earlier deal EQT had repudiated, but only four of th...

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