Metroglass profit dips on Aussie expansion costs, capex looms
By Pattrick Smellie May 25 (BusinessDesk) - Metro Performance Glass delivered a $19.4 million net profit for the year to March 31, down from $21.3 million a year earlier, as it absorbed the costs of a major acquisition in the Australian market and the impact of declining build...
Mixed blessings for Contact Energy from low southern hydro lakes
By Pattrick Smellie May 24 (BusinessDesk) - Low inflows of water into the South Island's hydro-electricity storage lakes are expected to knock Contact Energy's earnings in the second half of the current financial year but should boost prices for electricity to residential, com...
2degrees' seven year slog delivers maiden $13.4M profit
By Pattrick Smellie May 17 (BusinessDesk) - Challenger telecommunications provider Two Degrees Mobile has produced its first net profit since launching in the New Zealand market in August 2009, while raising its operating earnings by 43 percent for the second year in a row....
Govt announces Auckland house-building blitz, $1.1B bond issue
By Pattrick Smellie May 16 (BusinessDesk) - The Crown-owned housing agency, Housing New Zealand, will build a net 17,207 new affordable homes over the next decade in the government's biggest new state housing announcement in more than eight years in government. Social Housi...
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