2degrees lifts profit 33% in 2017 on increased revenue and tax credits
By Sophie Boot May 31 (BusinessDesk) - Telecommunications provider Two Degrees Mobile lifted net profit 33 percent in 2017, with revenue gains outpacing costs and the bottom line boosted by tax credits. Net profit rose to $19 million in the year ended Dec. 31, from $14.3 m...
MARKET CLOSE: NZ shares drop as A2 extends slide, F&P Healthcare drops, Synlait, Mainfreight gain
By Sophie Boot May 29 (BusinessDesk) - New Zealand shares fell as A2 Milk extended its decline and Fisher & Paykel Healthcare and Scales Corp droped while Synlait Milk and Mainfreight rose. The S&P/NZX 50 Index dipped 9.34 points, or 0.1 percent, to 8,635.86. Within the ind...
Watson's Cullen Group accepts IRD appeal ahead of $60M tax avoidance trial
By Sophie Boot May 29 (BusinessDesk) - Inland Revenue and Eric Watson's Cullen Group have settled one pre-trial dispute ahead of a tax avoidance trial in Auckland later this year. IRD is pursuing Cullen Group for $59.5 million in non-resident withholding tax, as it says a 2...
AWF annual profit drops 14% on construction recruiting weakness, white-collar work booms
By Sophie Boot May 29 (BusinessDesk) - AWF Madison Group, the country's biggest contract labour firm, reported a 14 percent fall in annual profit, even as revenue rose as its white-collar recruiting business countered weakness from construction recruitment. Profit dropped t...
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