Airways FY profit jumps 54% as NZ aviation booms
By Pattrick Smellie Aug. 30 (BusinessDesk) - Airways New Zealand, the state-owned air traffic controller, posted a 54 percent increase in annual profit and more than doubled its dividend to the Crown as it benefits from increased flights. The Wellington-based company report...
Tenon's US operations under US$110M private equity offer
By Pattrick Smellie Aug. 30 (BusinessDesk) - Taupo-based wood processor Tenon's US operations are under offer from a New York-based private equity firm for US$110 million that the company's directors say will allow a substantial capital return shareholders, despite a NZ$31 mil...
King Salmon signals IPO that may raise about $30M to build more farms
By Pattrick Smellie Aug. 29 (BusinessDesk) - Marlborough Sounds fish-farmer New Zealand King Salmon is signalling an intention to sell down existing shares and raise new capital in an initial public offering that would see the three-decade-old company list on both the New Zeal...
Kordia FY profit up 33% despite lower revenue
By Pattrick Smellie Aug. 29 (BusinessDesk) - State-owned telecommunications service provider Kordia increased tax-paid profit by 33 percent to $12.3 million in the year to June 30, thanks in part to a focus on completing profitable projects in the Australian market. Revenue...
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