Blis Technologies forecasts first profit of more than $700k in 2017
By Sophie Boot July 28 (BusinessDesk) - Blis Technologies, the biotechnology firm, expects to post a profit of at least $700,000 for the 2017 financial year. In May, the company said it expected to report its first annual profit in the year to March 31, 2017. After market c...
MARKET CLOSE: NZ shares rise; Comvita, A2 Milk gain, Steel & Tube extends slide
By Sophie Boot July 28 (BusinessDesk) - New Zealand shares gained in relatively subdued trading ahead of earnings season. Comvita and A2 Milk rose while Steel & Tube Holdings dropped. The S&P/NZX 50 Index rose 4.44 points, or 0.1 percent, to 7,306.34. Within the index, 30 s...
China Animal Husbandry to take 72% stake in Mataura Valley Milk, fund $200M plant
By Sophie Boot July 28 (BusinessDesk) - State-owned China Animal Husbandry will take a 72 percent stake in Mataura Valley Milk in exchange for funding construction of a $200 million milk powder manufacturing plant in Gore. Work on the plant will start in October and follows...
Commerce Commission considers Wallace rendering plant merger
By Sophie Boot July 28 (BusinessDesk) - The Commerce Commission is considering a merger of meat rendering plants. Wallace Group has applied to buy up to 100 percent of the assets of Wallace Corporation, which has rendering plants in Waitoa and Hororata; Farm Brands, which h...
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