MARKET OPEN: NZ corporate results to take centre stage

Wed, 19 Aug 2020

Local corporate earnings will be the focus today with heavyweights A2 Milk and Fletcher Building reporting and investors shrugging off a weak dairy auction. While the New Zealand stock market has been bolstered by the growing conviction the Reserve Bank will take the cash rate into negative territory early next year, there is a keen interest in earnings season, in particular any forward-looking commentary. Jarden expects A2 Milk to report a 33.6 percent lift in revenue and a 35.9 percent lift in normalised net profit. The company has bene...

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