Tough second-half hurts NZ Post and Kiwibank full-year earnings
By Pattrick Smellie Aug. 26 (BusinessDesk) - State-owned New Zealand Post and its banking subsidiary Kiwibank both reported reduced profits after tax for the year to June 30, with NZ Post's result bolstered by one-off benefits from an Australian asset sale and Kiwibank experie...
FIRST CUT: Sky TV FY earnings down 15%, citing merger costs and content 'arms race'
By Pattrick Smellie Aug. 26 (BusinessDesk) - Sky Network Television, the pay-TV broadcaster seeking a merger with Vodafone's New Zealand operations, reported a 15 percent fall in tax-paid profit for the year to June 30 of $146.7 million, although the drop is partly thanks to m...
Countdown FY earnings slip 3.7% on record revenue
By Pattrick Smellie Aug. 25 (BusinessDesk) - The Countdown supermarket chain posted a 3.7 percent drop in annual earnings due to a combination of food price deflation, competitive pressures and increased team-based performance payments as part of a customer service improvement...
SLI Systems curbs FY loss, regroups as recurring revenues fall
By Pattrick Smellie Aug. 25 (BusinessDesk) - E-commerce software seller SLI Systems narrowed its annual loss, reflecting cost containment during a restructuring following the loss of three major customers. The Christchurch-based company posted a $162,000 loss for the year t...
Prev
