Ebos’ strong first-half result shines amid downbeat gloom

Ebos’ strong first-half result shines amid downbeat gloom
CEO John Cullity is confident Ebos can continue to win market share. (Image: NZ Herald)
Jenny Ruth
Amid a sea of disappointing results and downbeat guidance from companies in this reporting season, the Ebos result stood out.Its 30% jump in first-half net profit of A$132.2 million (NZ$145.1m) was boosted by its A$1.23 billion purchase of the LifeHealthcare businesses in May last year, but the results showed strong growth from its existing businesses as well.Investors responded by pushing the share price up as much as 4.3%, or $1.84, to $44.89, and the shares later closed at $44.45.But one consequence of the acquisition was that the company&rs...

More Infrastructure

Opening day congestion for untolled Penlink highway – NZTA
Infrastructure

Opening day congestion for untolled Penlink highway – NZTA

The road should be redesigned if the Government chooses not to toll, agency said.

Oliver Lewis 26 Jul 2024
Downtown car park building legal challenge 'resolved'
Infrastructure

Downtown car park building legal challenge 'resolved'

Society challenging the sale to Precinct raised 0.4% of its High Court funding target.

Oliver Lewis 25 Jul 2024
Govt to fight receivers over $30m Tui oil field tax credit
Infrastructure

Govt to fight receivers over $30m Tui oil field tax credit

Crown bid to have liquidators cover decommissioning costs is subject to approval.

Victoria Young 24 Jul 2024
Govt agrees 'in principle' to $10b worth of Northland roading PPPs
Infrastructure

Govt agrees 'in principle' to $10b worth of Northland roading PPPs

The Northland expressway project could be one of the first PPPs out of the gate.

Dileepa Fonseka 23 Jul 2024