Intellectual property firm AJ Park improves margins by cost cutting

Intellectual property firm AJ Park has improved margins. (Image: Getty)

Fri, 19 Aug 2022

The Australian-listed owner of AJ Park said the Kiwi intellectual property firm improved margins through “right-sizing” the business and cutting overheads.IPH said its Ebitda (earnings before interest, tax, depreciation and amortisation) margin at AJ Park was 21.6% on acquisition but now operates at 29%, a 34% improvement. In a presentation, IPH said better margins had been achieved by “synergies captured through right-sizing the business,” and reduction in overheads and rental footprint.IPH, which owns more than si...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Economy

RBNZ cuts OCR to 2.5%

RBNZ says its open to cutting more if necessary.

Rebecca Howard 2:05pm

Markets

ASB, IAG legal payouts prompt differing verdicts

ASB flagged the class action as a contingent liability.

Gregor Thompson 1:30pm

ASB, IAG legal payouts prompt differing verdicts

Economy

Adrian Orr’s exit deal imposed gag on mutual RBNZ criticism

The restraint of trade payment was to protect confidential information.

Rebecca Howard 9:40am

Adrian Orr’s exit deal imposed gag on mutual RBNZ criticism

Sponsored

Why New Zealand organisations need to rethink their cloud strategy

New Zealand organisations have embraced cloud computing over the past decade, but many are now confronting a sobering reality: adoption alone isn’t enough. According to Datacom’s 2025 Cloud & Infrastructure Report, only half of New Zealand businesses say they’ve realised the benefits they expected from cloud – despite significant investment.

Datacom

Sponsored

In a complex world, Kiwi investors can take comfort in mega forces

Enduring international forces bring clarity to uncertain times.

Blackrock

More Law & Regulation

Law & Regulation

Former real estate agent Aaron Drever jailed for eight months

A disgraced real estate agent and convicted fraudster has been handed eight more months in prison for deception.Aaron Carl Drever is already behind bars for insolvency crimes, but was sentenced this week to more jail time for concealing income from the Official Assignee while an...

Staff reporters 11:49am

Law & Regulation

Philip Stevens named FMA's chief economist

Philip Stevens has been appointed as the new chief economist of the Financial Markets Authority (FMA).With over 25 years of experience in economics, Stevens holds a doctorate in economics from the University of Oxford and has previously held directorial roles in economics at the...

BD AI 11:30am