Inflation haunts August reporting season as profits plunge, revenues rise

The spectre of inflation did show up in financial statements during earnings season. (Image: Getty)

Tue, 06 Sep 2022

The August reporting season showed NZX-listed companies performing much better than one might expect in the current economic environment.However, the spectre of inflation did show up in financial statements, manifesting as an increase in topline revenue but not flowing through to bottom line profit. BusinessDesk analysis found aggregate revenue was up 6.6%, while net profit was down 7.3%. Note, that those figures are statutory and include non-operational costs and benefits. Jarden analysts Adrian Allbon, Arie Dekker, and Jason Cao fou...

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