Delegat Group lifts 1H operating profit 9% to record $26.9 mln
By Rebecca Howard Feb. 23 (BusinessDesk) - Delegat Group, New Zealand’s largest listed winemaker, lifted operating profit 9 percent in the first half due to the favorable impact of foreign change rate changes and increased in-market pricing and the company is upbeat about the...
NZ dollar loses ground against US dollar as market decides Fed officials were more upbeat
By Rebecca Howard Feb. 22 (BusinessDesk) - The New Zealand dollar pared early gains against the greenback as the market digested the minutes from the US Federal Reserve's latest policy meeting. The kiwi was at 73.08 US cents at 5pm in Wellington from 73.77 US cents after t...
Tegel warns Gita disruptions could hit profit by as much as $2 million
By Rebecca Howard Feb. 22 (BusinessDesk) - Tegel Group, New Zealand's biggest poultry producer, said recent one-off costs could hit net profit by as much as $2 million after the water supply to one of its processing plants was cut off by ex-cyclone Gita and after an ammonia le...
Airlines, travel agents, rental cars ride booming NZ tourism
By Rebecca Howard Feb. 22 (BusinessDesk) - Companies exposed to New Zealand's booming tourism sector are reaping the benefits with Tourism Holdings doubling its first-half profit, Air New Zealand lifting its dividend, Qantas Airways' Jetstar unit reporting higher passenger num...
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