Covid boost for Green Cross pushes shares up 5.2%

Tue, 25 Jan 2022

Green Cross Health climbed 5.2% after the healthcare company said covid-19 boosted revenue through the tail end of 2021, but warned that might not be repeated.The stock rose 6 cents to $1.21 at midday on the NZX, unwinding this month’s earlier losses as investors fret over whether the omicron outbreak will trigger a more aggressive interest rate hiking cycle.Green Cross chief executive Rachael Newfield said the company’s revenue climbed 14% in the nine months ended Dec 31 compared to the same period a year earlier. The company expec...

Unlock all stories free for 10 days

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

We won’t charge for 10 days. You can cancel anytime with two clicks, an email or a phone call. Find out more.

We are serious about journalism.

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].interval) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

You will be charged in 10 days unless you cancel beforehand.
We will remind you three times before charging you.
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 }}

Markets

UPDATE: NZX directors mauled in fee vote

Of shares voted on the re-election of NZX chair John McMahon, 27.62% were opposed.

Oliver Lewis and Pattrick Smellie 5:40pm

Politics

NZ-Thai partnership ‘significant’ in scope

An Asia expert says deal between nations is significant because of its breadth.

Dileepa Fonseka 4:20pm

NZ-Thai partnership ‘significant’ in scope

Environment

Rainy 2022 drove down NZ's greenhouse gas emissions

Gross emissions fall for the third year in a row but are still above 1990 levels.

Greg Hurrell 4:00pm

Rainy 2022 drove down NZ's greenhouse gas emissions

Sponsored

Auckland's new "Midtown" taking shape

5-star hybrid workspaces, combined with the City Rail Link, are creating a revitalised inner-city zone designed to motivate workers back to the office.

Alberts

Sponsored

Building confidence and capability is the key to boosting productivity

In the pack houses of Hawke’s Bay apple growers, smart cameras scan the apples looking for blemishes and grading the fruit to ensure only the best is selected for domestic and international markets.

ASB