Abano expects 1H to drop as much as 14%, flagging weaker Australian economy

Suze Metherell
Mon, 02 Nov 2015

By Suze Metherell Nov. 2 (BusinessDesk) - Abano Healthcare, the listed medical and dental centre investor, expects first half earnings to decline as much as 14 percent as an expanding exposure to the cooling Australian economy weighs, even as its dental network grows and audiology unit improves.  Net profit in the six months ending November 30 is expected to be between $3 million and $3.6 million, down from $3.5 million a year earlier, the Auckland-based company told shareholders at its annual meeting. Gross sales will be between $150 mil...
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...

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...

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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