Ebos’ strong first-half result shines amid downbeat gloom

CEO John Cullity is confident Ebos can continue to win market share. (Image: NZ Herald)

Thu, 23 Feb 2023

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...

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John Penno quits Synlait board as George Adams elected chair

Synlait Milk co-founder John Penno has quit the company’s board, and George Adams has taken over as chair.The debt-laden milk processor told the New Zealand stock exchange (NZX) on Wednesday that Adams, who joined the board in March as an independent director, would take over fro...

Riley Kennedy 9:15am