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

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....

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