Stride maintains dividend despite potential $5.1m covid impact

Brent Melville
Wed, 29 Jul 2020

Stride Property will maintain its dividend at 9.91 cents a share for the current financial year, despite financial impacts of covid-19 that it said could undermine profits by as much as $5.1 million this year. That impact could be partially offset, however, by activity-based income resulting in additional distributable profits in a range between $2.2 million and $3.6 million, chief executive Philip Littlewood said. Covid had also affected valuations of the Stride portfolio, now at $996.1 million excluding lease liabilities, a reduction of...
Primary Sector
China trade fears unmatched by good alternatives: report
Pattrick Smellie | Wed, 05 Aug 2020

Fears that New Zealand is overly reliant on trading with China ignore that there are few more attractive markets for many of the country's major exports, says a report by economic consultancy Sens...

Listed Companies
SFO-directed raid complicates Spark claim
Victoria Young | Wed, 05 Aug 2020

An accused co-conspirator has complained a Serious Fraud Office-ordered raid on his home has meant he can't comply with disclosure orders in a case brought by Spark New Zealand.  The telco claims t...

Primary Sector
Farmers to get $122m in fertiliser cheques
Brent Melville | Wed, 05 Aug 2020

Fertiliser heavyweights Ballance Agri-Nutrients and Ravensdown have fought their way through the covid-19 response, kicking back rebates of $54 million and $68 million respectively to farmer-sharehold...

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Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.