Kathmandu lifts first-half sales 9.1% with wider margins, affirms annual guidance
By Paul McBeth Feb. 1 (BusinessDesk) - Kathmandu Holdings, the outdoor equipment chain that fended off a hostile takeover by Briscoe Group last year, lifted first-half profit 9.1 percent, on wider margins, and says it's on track to deliver annual profit of $30.2 million. The s...
Pyne Gould blames auditor disagreement for another delay to 2015 annual report
By Paul McBeth Feb. 1 (BusinessDesk) - Pyne Gould Corp, whose NZX-listed shares have been suspended from trading since October, will take even longer to file its 2015 annual report, blaming a disagreement between auditors for the latest delay. The Guernsey-based company is...
Snakk maintains above-target gross margin in third quarter
By Paul McBeth Feb. 1 (BusinessDesk) - Snakk Media, which aggregates publishers’ advertising space on mobile devices and matches it to advertiser demand, maintained above-target gross margins in the final three months of 2015, but warned they will probably weaken in the last q...
NZ dollar TWI heads for 1.4% weekly drop as RBNZ adopts easing bias, Fonterra cuts forecast
By Paul McBeth Jan. 29 (BusinessDesk) - The New Zealand dollar is heading for a 1.4 percent fall on a trade-weighted basis this week after the Reserve Bank's acceptance that it may have to cut rates and Fonterra Cooperative Group's downgraded forecast for the farmgate payout t...
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