Veritas writedowns drive first-half loss, debt maturities loom
By Paul McBeth Feb. 24 (BusinessDesk) - Veritas Investments shares dropped 12 percent after the ailing food and beverage company posted a first-half loss as it booked a series of impairment charges and said it plans to renegotiate its banking arrangements ahead of a looming ma...
Summerset lifts earnings 55% in 2015; plans to double size in six years
By Paul McBeth Feb. 24 (BusinessDesk) - Summerset Group lifted annual underlying earnings 55 percent in 2015 as the country's third-biggest retirement village operator by market value generated more sales after opening new sites and said it wants to double its national footpri...
FIRST CUT: Genesis Energy posts flat 1H earnings; no decision on Huntly
By Paul McBeth Feb. 24 (BusinessDesk) - Genesis Energy, the country's biggest electricity retailer, increased first-half earnings 1.5 percent as it grabbed more customers in a tightly contested retail market and lifted generation volumes, but still hasn't made a decision on wh...
NZ bank margins at nine-year high in 2015 as property, agri boost lending income
By Paul McBeth Feb. 24 (BusinessDesk) - New Zealand's banks fattened their interest margins to the widest in nine years as property and agricultural lending bolstered their incomes, a trend that could continue this year as low interest rates keep a lid on funding costs. Ba...
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