Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Services
British uncertainty looms as Gentrack posts loss
Utilities software developer Gentrack posted a loss, as expected, having written off a dud investment earlier this year, while the impact of customers going bust weighed on underlying earnings.The Auckland-based company reported a net loss of $3.3 million in the 12 months ended S...
Refining NZ says power cut may cost $2.5m
Refining NZ says the power cut that shut the Marsden Point refinery yesterday may trim full-year profit by as much as $2.5 million.About 90,000 people lost power in Northland yesterday due to a fault on a 220-kilovolt circuit running from Huapai north of Henderson to Marsden Poin...
Property
Fletcher 2020 earnings guidance shows small downside bias
Fletcher Building has signalled a small downside bias in its core operating profit forecast for the year ending June 2020. The guidance, which ranges from a 6 percent reduction to a 3 percent increase from last year, comes as its New Zealand building products businesses are on...
Vector incurs deeper revenue cut in final ComCom reset
Vector, the country’s biggest electricity distributor, faces a further $14.6 million reduction in the maximum revenue it can make from its electricity network activities next year. The Commerce Commission today set maximum revenue allowances for most of the country’s lines bus...
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Oliver Lewis
Infrastructure Editor
Oliver Lewis won the local government reporting category at the 2023 Voyager Media Awards. He is part of our investigations unit and also covers infrastructure, housing and employment issues. Formerly with Stuff/The Press, Oliver has also written for the Guardian and North & South.
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