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
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
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
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...
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