Rakon shares climb as earnings beat guidance

Paul McBeth
Mon, 29 Jun 2020

Rakon shares rose 9.6 percent after the telecommunications component maker reported better than expected earnings and said the outlook, while murky, was generally positive.The company reported underlying earnings before interest, tax, depreciation and amortisation of $14.8 million in the 12 months ended March 31, beating its guidance for ebitda of $12 million to $14 million.While that was up 11 percent from a year earlier, changes to accounting standards shifted $3.1 million into depreciation. Net profit rose to $4 million from $3.4 m...
Listed Companies
Huljich family sells 25% of Pushpay stake
Dan Brunskill | Tue, 14 Jul 2020

The Huljich family has sold a quarter of its cornerstone stake in Pushpay Holdings, one of the rising software company stars. The 14.4 million shares were sold for $123.8 million, or $8.60 per shar...

Property
Housing market rebounds sharply; caution required
Jenny Ruth | Tue, 14 Jul 2020

The housing market bounded out of lockdown last month with sales volumes the highest for June in four years and prices nationally up 8.6 percent from a year earlier. The Real Estate Institute's lat...

Election 2020
ELECTION 2020: NZ First moves fast to seek political capital from Muller resignation
Pattrick Smellie | Tue, 14 Jul 2020

New Zealand First party leader Winston Peters was quick out of the blocks to issue a statement on the shock resignation of National Party's leader, Todd Muller, this morning. With NZ First polling...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.