RESEND: Smartpay first half profit rises as smaller staff wage bill offsets lower sales
(Resends to add dropped word in headline) By Sophie Boot Nov. 28 (BusinessDesk) - Smartpay Holdings says it has made "significant progress" in the first half of the financial year, as lower wages boosted net profit and offset a drop in sales, while a takeover proposal progr...
UPDATE: Turners sees growth driven by finance lending in competitive market
(Updates to recast lede, adds detail from conference call beginning in paragraph three, updates share price). By Sophie Boot Nov. 28 (BusinessDesk) - Turners Automotive Group, New Zealand's largest second-hand vehicle retailer, says its non-recourse financing tie-up with M...
Turners lifts 1H revenue, profit, expects FY profit gains in strong used-car market
By Sophie Boot Nov. 28 (BusinessDesk) - Turners Automotive Group, New Zealand's largest second-hand vehicle retailer, says first-half revenue and profit rose and it expects full-year pre-tax earnings to rise as much as 26 percent. Revenue rose 44 percent to $163.8 million i...
MARKET CLOSE: NZ shares mixed; Ryman and Stride gain on results, Port of Tauranga, A2 Milk drop
By Sophie Boot Nov. 24 (BusinessDesk) - New Zealand shares were mixed, with Ryman Healthcare and Stride Property making gains while Port of Tauranga and A2 Milk Co declined. The S&P/NZX 50 Index rose 28.34 points, or 0.4 percent, to 8,130.29. Within the index, 21 stocks fel...
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