![FIRST CUT: A2 Milk doubles profit in 2018 on strong formula sales](https://businessdesk.co.nz/images/dummy.png)
FIRST CUT: A2 Milk doubles profit in 2018 on strong formula sales
By Sophie Boot Aug. 22 (BusinessDesk) - A2 Milk Co more than doubled its 2018 profit as it lifted its margins on increased infant formula sales. Net profit rose to $195.7 million in the year ended June 30, from $90.6 million a year earlier, on a 68 percent lift in revenue t...
![MARKET CLOSE: NZ shares at fresh high, Vector, A2 gain while Pushpay, Comvita drop](https://businessdesk.co.nz/images/dummy.png)
MARKET CLOSE: NZ shares at fresh high, Vector, A2 gain while Pushpay, Comvita drop
By Sophie Boot Aug. 21 (BusinessDesk) - New Zealand shares inched to a fresh record ahead of tomorrow's bumper results day, led higher by Vector and A2 Milk Co. The S&P/NZX50 Index rose 6.63 points, or 0.07 percent, to 9,115.78. Within the index, 21 stocks rose, 21 fell and...
![Port Taranaki lifts 2018 dividend on increased profit](https://businessdesk.co.nz/images/dummy.png)
Port Taranaki lifts 2018 dividend on increased profit
By Sophie Boot Aug. 21 (BusinessDesk) - Port Taranaki lifted net profit 14 percent in the latest financial year on increased revenue, and paid a bigger dividend to its sole shareholder, the Taranaki Regional Council. In the year to June 30, net profit rose 14 percent to $8....
![Super Retail's annual earnings boosted by Macpac acquisition, online sales](https://businessdesk.co.nz/images/dummy.png)
Super Retail's annual earnings boosted by Macpac acquisition, online sales
By Sophie Boot Aug. 21 (BusinessDesk) - ASX-listed Super Retail Group, which bought outlook equipment chain Macpac Holdings in March, says the acquisition boosted annual earnings as it lifted group profit on a surge in online sales. In the three months it owned Macpac in th...