Food supplement firm Oceania Natural makes first-half loss as it builds China distribution
By Fiona Rotherham Nov. 29 (BusinessDesk) - NXT-listed Oceania Natural, the food supplement firm, has reported a first-half loss after softer sales while it focused on building new direct channels in China. The Auckland company’s unaudited interim financial statements for t...
Synlait Milk increases forecast milk price to $6/kgMS to match Fonterra
By Fiona Rotherham Nov. 29 (BusinessDesk) - South Island dairy products processor Synlait Milk has increased its forecast farmgate milk price by $1 to $6 per kilogram of milk solids for the 2016/2017 season, in line with Fonterra’s updated forecast this month. Synlait had p...
Building boom powers Bunnings NZ bumper annual profit
By Fiona Rotherham Nov. 29 (BusinessDesk) - Bunnings, the home improvements product chain owned by Australian Wesfarmers, has more than doubled annual net profit in New Zealand for the second year in a row as it benefits from a construction boom stimulating demand for building...
NZ Winegrowers estimates 20% of wine storage tanks in Marlborough damaged by earthquake
By Fiona Rotherham Nov. 29 (BusinessDesk) - An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. New Zealand Winegrowers has just completed a su...
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