MARKET CLOSE NZ shares rise, led by Air NZ after FY result beats estimates

Thu, 30 Aug 2012

By Hannah Lynch Aug. 30 (BusinessDesk) - New Zealand shares rose, led by Air New Zealand after its full-year profit beat estimates and the airline forecast earnings to double in 2013. Auckland Airport fell after its annual profit climbed 15 percent. The NZX 50 Index rose 1.17 points, or 0.03 percent, to 3629.56. Within the index, 22 shares rose, 20 fell and 8 were unchanged. Turnover was about $111 million. Air New Zealand shares rose 13.4 percent to $1.01, the highest since Nov. 23. The national carrier slated for a government selldown be...

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