NZX-listed companies more resilient as weaker kiwi bolsters export outlook

Mon, 31 Aug 2015

By Suze Metherell Aug. 31 (BusinessDesk) - Analyst are more upbeat about the prospects for earnings in 2016, upgrading more than half the firms they cover after the latest reporting season, with the weaker kiwi dollar set to bolster export receipts, offsetting a slowdown in the domestic economy. Over the past month, 36 companies on the S&P/NZX 50 Index reported earnings or held annual meetings, of which more than half had their 2016 earnings outlook upgraded, Mark Lister, head of private wealth research at Craigs Investment Partners told...

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