Delegat profits up 37%

Victoria Young
Thu, 16 Jul 2020

Wine maker Delegat Group's unaudited profit after tax for the year to June 30 rose 37 percent to $64.1 million, the company reported. The figure includes fair value movements in its vines and derivatives, which increased profit by $3.3 million this year but had reduced earnings by $4 million the year before. Delegat said it had achieved record case sales, up 9 percent to 3.3 million cases, a touch above its February guidance of 3.2 million case sales. Unaudited operating profit after tax was $60.8 million, up 20 percent on last year's ...
More evidence the post-lockdown bounce is fading
Rebecca Howard | Mon, 10 Aug 2020

The preliminary August reading of the ANZ Business Outlook adds to the view the post-lockdown rebound has run its course. A net 42.4 percent of businesses were downbeat about the economy's fortunes...

Law & Regulation
Turners couldn’t handle unorthodox approach of used car dealer, court told
Victoria Young | Mon, 10 Aug 2020

Turners Automotive Group couldn’t handle the unorthodox business approach of Brandon Orlandini, the used car dealer whose business it bought, the High Court heard today. Orlandini’s company, Turnov...

First move towards border-opening as govt consults with Cook Islands
Pattrick Smellie | Mon, 10 Aug 2020

The New Zealand and Cook Islands governments will spend the next 10-to-14 days assessing whether the systems are in place to allow a travel 'bubble' to open between the two countries before the end of...

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Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.