IkeGPS to post record revenue
Utilities measurement company IkeGPS said its full year revenue for the year to March 31 was a record $9.8 million and up around 23 percent on the year, while gross margin was approximately $7.1 million in the 12-month period, up around 33 percent on the year.Its total cash and r...
Air NZ scheduling to remain at 5 percent of pre-covid levels
Air New Zealand has extended its "significantly reduced" international schedule by a month to the end of June. The airline said today that it would continue to operate at an effective 95 reduction to pre-covid levels, enough to maintain essential travel and cargo air links on key...
Vital Healthcare sees limited covid-19 impact
Vital Healthcare Property Trust's manager said it expects a limited impact on earnings from the covid-19 crisis and noted 82 percent of its revenue comes from private hospitals.The portfolio has a 17.9-year weighted average lease term and less than 1 percent of leases by income e...
NZ economy may see record contraction in 2Q - Treasury
New Zealand’s economic contraction in the June quarter may be the biggest in its recorded history, Treasury said. The national lockdown will have an unprecedented impact on economic activity, it said. It did not provide a specific forecast but said "the associated workplace clos...
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