Plexure is confident it will eventually receive payment from Belarus and Ukraine

Plexure is confident it will eventually receive payment from Belarus and Ukraine
Plexure CEO Dan Houden told shareholders 2023 profit guidance may be "understated". (Photo: BusinessDesk)
Dan Brunskill
Plexure’s chief financial officer told shareholders at the company's annual meeting he was confident that payments for $7.2 million in outstanding invoices would be made. In its 2022 financial results, the company reported a net loss of $24m, which included a $300,000 deduction for “doubtful debts in relation to two markets impacted by the war in Ukraine”.The financial accounts showed a significant increase in accounts receivable which more than doubled to $7.3m, up from $3m in 2021. A New Zealand Shareholders As...

More Markets

NZX rallies past 13,000 points after RBNZ rate cut
Markets Market Close

NZX rallies past 13,000 points after RBNZ rate cut

The NZ sharemarket was up after results from Fletcher Building and Spark.

Tom Raynel 20 Aug 2025
Major SkyCity investor ready to vote against directors
Markets

Major SkyCity investor ready to vote against directors

Allan Gray says an equity raise now would show the board to be poor stewards of capital.

Dileepa Fonseka 20 Aug 2025
Spark resets future dividend ratios, unveils new strategy
Markets

Spark resets future dividend ratios, unveils new strategy

Spark promises a return to basics and 'annuity-like' returns.

Pattrick Smellie 20 Aug 2025
‘One of the most challenging periods in Spark’s history’
Markets

‘One of the most challenging periods in Spark’s history’

Spark has reported another big fall in profit, with reported net profit down 17.7% to $260 million, or a 33.6% fall to $227m, adjusting for asset sales and other one-offs.“The past year has been one of the most challenging periods in Spark’s history, as we navigated economic head...

Staff reporters 20 Aug 2025