AFT narrows 1H loss as profit margin rises

Jenny Ruth
Wed, 21 Nov 2018

By Jenny Ruth Nov. 22 (BusinessDesk) - AFT Pharmaceuticals narrowed its losses in the latest first half year and says it’s on track to return to profitability The Maxigesic painkiller manufacturer’s net loss for the six months ended September eased to $4.2 million from $6.9 million in the same six months last year. It says the loss at the operating level – and before finance and other costs – was $109,000. Net finance costs rose to $2.5 million compared with $1.6 million in the previous first half as interest-bearing liabilities jum...
Work visa changes cuts both ways
Brent Melville | Thu, 16 Jul 2020

Changes to work visas focused on getting more Kiwis into jobs are a double-edged sword, hindering recruitment while making it more difficult for business and industry to hang onto skilled, productive...

Election 2020
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Pattrick Smellie | Thu, 16 Jul 2020

Todd Muller's brief leadership of the National Party has claimed another victim, his deputy Nikki Kaye, who will retire from politics at the Sept. 19 election.

MARKET OPEN: Local investors braced for big data day
Paul McBeth | Thu, 16 Jul 2020

A slew of economic figures spanning the Asia Pacific region will occupy investors today, following an upbeat lead from Wall Street. New Zealand’s consumers price index is expected to have shrunk 0....