Business
Finance
Augusta lifts net profit six fold as investors flock into new funds
By Jenny Ruth May 24 (BusinessDesk) - Augusta Capital’s annual net profit rose more than six fold to a record as underlying income, management fees and transactional fees all grew strongly. The property company’s net profit for the year ended March rose to $6.9 million from...
Primary Sector
Annual exports to China top $15 billion for first time
By Rebecca Howard May 24 (BusinessDesk) - Annual exports to China jumped 22 percent in April to top $15 billion for the first time, amid growing demand for beef, lamb, logs and dairy products. Exports to China now account for about a quarter of New Zealand's international...
Infrastructure
Gentrack posts $8.7M loss on CA Plus write-down
By Gavin Evans May 24 (BusinessDesk) - Utilities software specialist Gentrack Group has reported an $8.7 million first-half loss after writing off the value of airport software developer CA Plus it acquired in 2017. The company, which provides billing and customer managemen...
Services
Ryman hikes dividend as annual earnings grow on wider development margin
By Paul McBeth May 24 (BusinessDesk) - Ryman Healthcare will pay a bigger return to shareholders after chalking up another record earnings result on wider development margins, despite slowing sales. The country's biggest listed retirement village operator will pay annual d...
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