WEL doubles full-year profit on strong power, fibre connection growth
By Gavin Evans May 31 (BusinessDesk) - WEL Networks more than doubled its full-year profit as expansion of its fibre business boosted revenue and growth in the Waikato region increased residential connections and commercial volumes. Net income rose to $31.5 million in the y...
Acquisition costs push Moa to $3 mln loss
By Gavin Evans May 30 (BusinessDesk) - Brewer Moa Group reported a full-year loss of almost $3 million, with business acquisition expenses driving an 11 percent increase in costs. The firm, forecasting profit in the current year following its purchase of Savor Group, saw it...
IkeGPS narrows full-year loss, looks to 'strong' FY2020 performance
By Gavin Evans May 30 (BusinessDesk) - Utilities measurement specialist IkeGPS narrowed its full-year loss on the back of lower corporate costs and reduced cost of sales. The company posted a $5.1 million loss for the year ended March 31, down from the $6.7 million loss rep...
Plan needed for competing wood demands - Fonterra
By Gavin Evans May 30 (BusinessDesk) - Wood is a viable industrial fuel but greater effort may be needed to ensure that new demand from processors doesn’t strip supplies from existing users, Fonterra says. Co-firing the firm’s Brightwater milk powder plant near Nelson on a...
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