Cavalier projects $2M loss for FY17 in latest earnings downgrade
By Pattrick Smellie June 1 (BusinessDesk) - Cavalier Corp's outlook has deterioriated further since its last earnings downgrade in February and the carpet maker is warning it now expects to post a loss of around $2 million on a normalised earnings after tax basis in the year t...
Data gaps, absence of strategy hamper understanding of Asian investment in NZ
By Pattrick Smellie June 1 (BusinessDesk) - Government efforts to attract foreign investors would benefit from greater strategic focus, the Asia-New Zealand Foundation says in a new report that finds big gaps in official statistics measuring where investment comes from, but su...
Tiwai Point smelter profit more than halves in 2016
By Pattrick Smellie May 30 (BusinessDesk) - Weak global aluminium prices saw underlying profit more than halve to $24 million in 2016 at Pacific Aluminium's Tiwai Point aluminium smelter. Only a consistently weaker New Zealand dollar cushioned the smelter, which made a $54...
Orion to raise $32.9M in rights offer after posting full-year loss, sees profit in 2018
By Pattrick Smellie May 30 (BusinessDesk) - Orion Health is to raise $32.9 million in a discounted two-for-nine rights issue to shore up working capital after posting a full-year loss that reflected weaker Europe, Middle East and Africa sales. It expects to be profitable in 20...
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