Green Cross suspends dividend to protect balance sheet through pandemic

Paul McBeth
Thu, 25 Jun 2020

Green Cross Health won’t pay a final dividend in an effort to protect its balance sheet through the covid-19 pandemic. The pharmacy chain franchisor and primary healthcare provider reported a net profit attributable to shareholders of $13.5 million in the 12 months ended March 31, down from $16.1 million a year earlier. The bottom line was dragged down by new accounting rules changing the way leases are recognised, but also by a $4.7 million impairment charge as it wrote off the value of software it had developed. Revenue edged up 0.2 per...
Listed Companies
Huljich family sells 25% of Pushpay stake
Dan Brunskill | Tue, 14 Jul 2020

The Huljich family has sold a quarter of its cornerstone stake in Pushpay Holdings, one of the rising software company stars. The 14.4 million shares were sold for $123.8 million, or $8.60 per shar...

Property
Housing market rebounds sharply; caution required
Jenny Ruth | Tue, 14 Jul 2020

The housing market bounded out of lockdown last month with sales volumes the highest for June in four years and prices nationally up 8.6 percent from a year earlier. The Real Estate Institute's lat...

Election 2020
ELECTION 2020: NZ First moves fast to seek political capital from Muller resignation
Pattrick Smellie | Tue, 14 Jul 2020

New Zealand First party leader Winston Peters was quick out of the blocks to issue a statement on the shock resignation of National Party's leader, Todd Muller, this morning. With NZ First polling...

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.