UPDATE: Fisher & Paykel Healthcare tops $1 billion in FY revenue, upbeat about FY2020
(Adds detail throughout from conference call, updates share price in 8th paragraph, fixes guidance in 9th paragraph) By Rebecca Howard May 27 (BusinessDesk) - Fisher & Paykel Healthcare topped $1 billion in revenue, reported a record full-year net profit and expects furthe...
NZ dollar holds gains as US data weakens
By Rebecca Howard May 27 (BusinessDesk) - The New Zealand dollar held its gains after weak US data overnight Friday offered further evidence that the world's biggest economy is slowing. The kiwi was trading at 65.53 at 8am in Wellington versus 65.51 US cents late Friday in...
Annual exports to China top $15 billion for first time
By Rebecca Howard May 24 (BusinessDesk) - Annual exports to China jumped 22 percent in April to top $15 billion for the first time, amid growing demand for beef, lamb, logs and dairy products. Exports to China now account for about a quarter of New Zealand's international...
Cavalier says market conditions still challenging
By Rebecca Howard May 24 (BusinessDesk) - Cavalier Corp expects to break-even in the second half, meaning annual normalised profit will remain around $1.9 million as market conditions remain tough. "The challenging market conditions noted in February 2019, particularly in...