My Food Bag to ditch ASX listing as profit falls 60%

My Food Bag to ditch ASX listing as profit falls 60%
My Food Bag's chair Tony Carter, left, and CEO Mark Winter are hopeful about the company's future. (Image: My Food Bag)
Ella Somers
My Food Bag saw its net profit for the 12 months ended March 31 nosedive 60.5% as the meal kit company announced it wants to delist from the Australian Securities Exchange (ASX) in an effort to save some cash.“Delisting from the ASX will save the business money and is consistent with the review of our cost base to identify cost-saving initiatives,” chair Tony Carter told shareholders on Friday.He said My Food Bag's "home" exchange remained the New Zealand Stock Exchange (NZX) while its ASX one was a “secondary, f...

More Markets

NZX lifts 0.2% as markets wait for US Fed decision
Markets Market Close

NZX lifts 0.2% as markets wait for US Fed decision

The S&P/NZX 50 gained 0.2% to 13,234.89 points on Tuesday.

Gregor Thompson 16 Sep 2025
Oceania forecasts sales lift as it targets debt
Property

Oceania forecasts sales lift as it targets debt

It said sales applications had lifted 23% between July and August.

Gregor Thompson 16 Sep 2025
New structure, powers for ComCom
Markets

New structure, powers for ComCom

Groceries, aviation, building supplies, digital services carparking all get a mention.

Pattrick Smellie 16 Sep 2025
NZME shareholder Jim Grenon lifts investment in media firm
Markets

NZME shareholder Jim Grenon lifts investment in media firm

NZME shareholder and director Jim Grenon has lifted his investment in the media business for the second time in recent weeks, to just under 18%.A notice to the NZX on Monday stated Grenon had lifted his shareholding from 15.963% to 17.932%, after acquiring 3.7 million shares for...

Staff reporters 16 Sep 2025