Scales shares down after first-half profit drops 14% after bad weather, reaffirms annual guidance
By Rebecca Howard Aug. 24 (BusinessDesk) - Scales Corp shares fell 5.8 percent after it said its first half profit fell 14 percent after its apple orchards were hit by heavy rain and winds and needed more expensive care. Net profit was $29 million, or 20.7 cents, for the s...
NZME first half earnings edge up 1%, though headwinds remain
By Rebecca Howard Aug. 24 (BusinessDesk) - NZME increased first half trading earnings 1 percent as audience numbers ticked up but warned that headwinds remain and said completing the merger with Fairfax Media remains a priority. Trading net profit was $9.9 million in the s...
NZ tourism boom keeping Air NZ, Auckland Airport in clover
By Rebecca Howard and Sophie Boot Aug. 24 (BusinessDesk) - New Zealand's ongoing tourism boom is showing no sign of letting up and companies at the forefront such as Auckland International Airport and Air New Zealand are keen to keep riding the wave. "The reality is that...
NZ dollar falls after pre-election update as polls show closer race
By Rebecca Howard Aug. 23 (BusinessDesk) - The New Zealand dollar fell after the pre-election fiscal showed weaker growth and as polls showed that one month out from the election it is a close race. The kiwi declined to 72.31 US cents as at 5 pm versus 72.75 US cents as at ...
Prev
