A2 shines, Fletcher disappoints in earnings season for high-priced NZ stock market

Rebecca Howard
Thu, 01 Mar 2018

By Rebecca Howard March 1 (BusinessDesk) - A2 Milk was the standout performer in New Zealand's latest earnings season, posting a jump in profit and a new partnership that went some way to justifying its stratospheric shares. But for other companies on the NZX 50 Index, their results weren't flash enough to justify the high multiples their stocks trade at, while the extent of Fletcher Building's losses shocked investors. A2 Milk posted a 150 percent gain in first-half profit and announced a strategic partnership with dairy giant Fonterra....

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Primary Sector
Fonterra boss pleased with profit but still has work to do
Rebecca Howard | Sat, 19 Sep 2020

Fonterra is well on track to revamping the cooperative, boosting earnings and slashing debt, but chief executive Miles Hurrell says the job isn’t done.

Opinion FREE
JEHAN CASINADER: People who are struggling won’t always ask for help
Jehan Casinader | Sat, 19 Sep 2020

Companies that think an Employee Assistance Programme counts as a wellbeing policy need to think again.

Economy
BRIAN GAYNOR: The big trade-off: Economic activity vs lives
Brian Gaynor | Sat, 19 Sep 2020

Global governments are facing a huge dilemma at present: how do they assess the trade-offs between economic activity and lives during the covid-19 pandemic?

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.

Partner Content
Buy-Now-Pay-Later – what’s driving the industry?

The Buy-Now-Pay-Later segment has truly taken the world by storm. It is incredibly impressive to think two Aussies were responsible for what has been a massive shift in consumption habits globally. It is highly likely that most people have come across one of the many providers, but how does the business model actually work and what’s driving the industry?