Business
Primary Sector
Yili deal a timely cash injection for Westland farmers - ANZ
By Rebecca Howard May 22 (BusinessDesk) - Westland Milk Products farmers will bank - on average - $572,000 from the sale of their shares to Inner Mongolia Yili Industrial Group if the deal goes ahead, says ANZ Bank New Zealand. Westland signed a conditional agreement to sel...
Policy
AFT interested in medicinal cannabis but says it's not commercially viable yet
By Jenny Ruth May 22 (BusinessDesk) - AFT Pharmaceuticals’ founder and managing director Hartley Atkinson says he’s having ongoing discussions about getting involved in providing medicinal cannabis products but the current tough regulatory environment doesn’t make it very attr...
Services
Serko chalks up another year of 28% sales growth, profit dips on acquisition adjustment
By Paul McBeth May 22 (BusinessDesk) - Serko lifted annual revenue 28 percent for a second straight year as it beds itself into new North American markets, although profit declined on fair value adjustments to earn-outs on its InterplX acquisition. The online travel bookin...
Services
UPDATE: AFT narrows net loss, turns cash flow positive
(Updates with further details in 2nd and 16th paragraphs, share price in last paragraph) By Jenny Ruth May 22 (BusinessDesk) - AFT Pharmaceuticals posted a narrower annual loss as interest and other finance costs swamped operating earnings and says it’s negotiating the refi...
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