Heieneken extracts fatter annual dividend from DB than profit in 2014

Mon, 27 Jul 2015

By Suze Metherell July 27 (BusinessDesk) - For the second year in a row, global beer group Heineken NV has pulled out a bigger dividend than its New Zealand subsidiary, DB Breweries, earned.  Auckland-based DB paid dividends totalling $32.1 million in calendar 2014, more than the $22.4 million profit reported that year, according to financial statements lodged with the Companies Office. The Dutch parent, which took control of the local company in late 2012, extracted $123.2 million in 2013, when DB reported a profit of $38.8 million in th...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Political donations over $5k to require declaration
Staff reporters | Mon, 27 Jun 2022

The changes require disclosure of donor identities for any party donations over $5,000 versus the current $15,000. 

Law & Regulation
Public class action fund needed: Law Com
Victoria Young | Mon, 27 Jun 2022

The Law Commission has finalised its report into class actions and litigation funding.

The Economist
House prices braced for a storm
The Economist | Mon, 27 Jun 2022

The pain of rising mortgage repayments will be harder to bear in some places than in others, for example, in NZ and Australia.  

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.