November earnings: Investors zero in on property and tech stock returns

November earnings: Investors zero in on property and tech stock returns
Higher interest rates have pushed investors to demand better rates of return from listed companies. (Photo: Depositphotos)
Dan Brunskill
New Zealand’s November reporting season kicked off this week with earnings results from Pushpay, Manawa Energy, Goodman Properties and Mainfreight. Eighteen companies are still to report, bringing the total to 24, and analysts expect most to come through with earnings and revenue increases. While share prices have been tumbling due to higher interest rates, most companies’ bottom lines have been holding firm.Mainfreight, which reported on Thursday, said it had increased net profit by two-thirds in the six months ended Sept...

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