Acurity sees improvement in 1H earnings on cost-cutting measures

Mon, 14 Oct 2013

Oct. 14 (BusinessDesk) - Acurity Health Group, the private hospital group formerly known as Wakefield Health, boosted underlying earnings by as much as 23 percent as it managed to strip out costs faster than its revenue declined. The Wellington-based company says its underlying earnings were between $3.3 million and $3.5 million in the six months ended Sept. 30, up by between 17 percent and 23 percent from a year earlier. Net profit was between $3.9 million and $4.1 million, with a “significant component” coming from a revaluation of interes...
NZ banks' credit losses to rise to 12x 2019 level - S&P
Jenny Ruth | Fri, 10 Jul 2020

New Zealand banks' credit losses will rise to about 12 times those in 2019 before easing because of the coronavirus crisis, according to international ratings agency Standard & Poor's. "A contracti...

Infrastructure FREE
Rio Tinto may be open to longer phase-down of Tiwai: Meridian
Jenny Ruth | Fri, 10 Jul 2020

A longer phase-down period for the Tiwai Point aluminium smelter may be possible.

Election 2020
ELECTION 2020: National’s ex-spy trainer Yang to retire
Victoria Young | Fri, 10 Jul 2020

National List MP Jian Yang will quit politics at this year’s election, after serving three terms in Parliament. Yang has been a controversial MP due to his involvement as an academic training Chine...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.

Sponsored: What’s next for the future of the office?

Think everyone is going to keep working from home? No so fast, says Milford Asset Management.