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AFT annual profit fell, promises better this year

Staff reporters
Mon, 24 May 2021

AFT Pharmaceuticals annual net profit fell 39% but the operating result was within the company's guidance downgraded on April 1.Net profit fell to $7.8 million for the year ended March from $12.7m the previous year and the operating result of $10.7m was down 6%.The company's best estimate for operating profit in the current year is between $18m and $23m but it said the outlook is subject to some uncertainty.The company said it continued to lay the foundations for long-term growth, including the negotiation of licenses for more than 20 n...

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America's Cup
Not dead yet: Auckland's America's Cup dream
Pattrick Smellie | Fri, 24 Sep 2021

Reports of the death of Mark Dunphy's bid to keep The America's Cup in Auckland may prove premature, although events this week suggest CPR may be required.

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Pacific Edge up 6%; while index dips
Dan Brunskill | Fri, 24 Sep 2021

The NZX 50 index fell as its biggest stock, Fisher & Paykel Healthcare, fell 3.1% back towards its average price of $32 per share.

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Daniel Dunkley | Fri, 24 Sep 2021

State broadcaster scoops largest slice of latest funding round for public news service.

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