Smartpay full-year profit slumps 86% after ending Australian taxi contract
By Edwin Mitson May 26 (BusinessDesk) - Smartpay Holdings posted an 86 percent slump in annual profit after the payment terminal supplier lost a large Australian taxi contract just before the start of the financial year. Net profit sank to $200,000 in the year ended March...
King Country Energy attacks grid charge overhaul, warns prices will rise
By Edwin Mitson May 26 (BusinessDesk) - King Country Energy, the central North Island power generator and retailer, has warned the Electricity Authority's planned overhaul of grid charges would both increase prices for its customers and leave it with little incentive to invest...
$100 million later, Woosh Wireless goes into voluntary adminstration
By Edwin Mitson May 25 (BusinessDesk) - Woosh Wireless, the Auckland-based wireless broadband operator, has gone into voluntary administration. The company was founded in 1999 and has burnt through more than $100 million since then. It was bought by California-based Craig...
Powerco posts 1.6% gain in full-year earnings on customer growth
By Edwin Mitson May 24 (BusinessDesk) - Powerco, which supplies electricity and gas to 436,000 homes in the central and southern North Island, posted a 1.6 percent gain in pretax earnings, which it says was driven by strong customer growth and higher electricity volumes. Ea...
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