Apple NZ boosts 2015 earnings while deferring $8.3M in tax against future profits

Tue, 09 Feb 2016

By Fiona Rotherham Feb. 9 (BusinessDesk) - Apple Sales New Zealand, the local unit of the iPhone and iPad maker, has increased annual profit by 17 percent while deferring $8.3 million of tax to offset against future profits and potentially lower its 2016 tax bill. Profit was $17.7 million for the year ended Sept. 26, 2015, up from $15.1 million a year earlier, according to financial statements lodged with the Companies Office. Revenue rose 29 percent to $732 million. Of that, sales of goods rose to $720 million from $557 million the prio...

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