Methven lifts 1H profit 27% as Australasia offsets decline in China
By Sophie Boot Feb. 25 (BusinessDesk) - Methven, the NZX-listed tap and shower manufacturer and exporter, lifted first-half profit 27 percent as its core business in Australia and New Zealand more than made up for weakness in China. Net profit rose to $4.7 million in the s...
MARKET CLOSE: Metlifecare, Ebos, Meridian lead NZ shares higher, Wynyard suffers
By Sophie Boot Feb. 24 (BusinessDesk) - New Zealand shares rose, with Metlifecare, Ebos Group and Meridian Energy leading the index on strong earnings, while Wynyard Group dropped. The S&P/NZX 50 Index gained 54.7 points, or 0.9 percent, to 6,230.38. Within the index, 31 st...
UPDATE: NZX's Bennett sees strong debt pipeline in 2016 after 2015 revenue buoyed by funds management
(Adds comment from CEO Bennett) By Sophie Boot Feb. 24 (BusinessDesk) - NZX's chief executive Tim Bennett sees a strong pipeline of debt listings in 2016, and predicts funds management will diversify as KiwiSaver balances keep growing, although he wouldn't be drawn on poten...
NZ Refining, Metlifecare, Ebos lead rally in companies posting earnings growth
By Sophie Boot Feb. 24 (BusinessDesk) - New Zealand Refining, Metlifecare and Ebos Group led a rally in stocks of companies posting profit growth in the busiest day for results for earnings season. NZ Refining climbed 3.9 percent to a three-week high of $3.74 after New Zeal...
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