Fliway FY profit falls 31%, at top of guidance, on lost customer, Kaikoura quake
By Paul McBeth Aug. 25 (BusinessDesk) - Fliway Group's annual profit came in at the top end of guidance, sliding 31 percent, as an operational restructure in response to a major customer loss and mounting freight costs from last year's Kaikoura earthquake staunched the decline...
South Port annual profit slips 3%, beating guidance as freight volumes match 2016 record
By Paul McBeth Aug. 24 (BusinessDesk) - South Port New Zealand posted a 3 percent decline in annual profit, beating guidance, as the Bluff maritime hub operator matched record freight volumes set a year earlier. Net profit fell to $8.4 million, or 32.2 cents per share, in...
Sky TV's Fellet picks up shares on market as analyst questions future dividends
By Paul McBeth Aug. 24 (BusinessDesk) - Sky Network Television John Fellet lifted his small stake in the pay-TV operator yesterday after presiding over a 21 percent slump in annual profit and smaller dividend payment. Fellet bought 50,100 shares for $152,506.04, or $3.04 a...
Powerhouse weighing up returns from three investments
By Paul McBeth Aug. 24 (BusinessDesk) - Powerhouse Ventures is weighing up an offer for a stake in one of its investments and says two other firms it backs may return cash to the ASX-listed Kiwi incubator in the near term. The Christchurch-based company has been grappling...
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