Abano 1H profit at top of forecast, despite weak Aussie dollar crimping revenue

Thu, 19 Dec 2013

Dec. 20 (BusinessDesk) - Abano Healthcare, the healthcare investor which last month fended off its third takeover bid in the past five years, reported first-half profit at the top of its forecast range, even as a weak Australian dollar trimmed revenue from across the Tasman. Net profit attributable to shareholders, which excludes earnings available to minority interests, rose to $2.3 million, or 12.56 cents per share, in the six months ended Nov. 30 from $1.5 million, or 8.87 cents, a year earlier. That was at the top of the forecast range pr...
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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