Lyttelton Port annual profit falls as higher costs outweigh increased revenue
By Tina Morrison Aug. 23 (BusinessDesk) - Lyttelton Port Co's annual profit fell as strike action and costs of hiring additional staff outweighed higher revenue. The port company, owned by Christchurch City Council's investment arm, said net profit fell to $12 million in th...
UPDATE: Ebos lifts annual earnings 10.3% as pharmaceutical, animal health margins expand
(Adds CEO comment, updates shares) By Tina Morrison Aug. 23 (BusinessDesk) - Ebos Group boosted annual earnings in line with its forecast even though revenue fell, as the pharmaceutical and animal health products company increased margins and benefited from acquisitions....
NZ Q2 retail sales volumes rise more than expected; kiwi dollar gains
By Tina Morrison Aug. 22 (BusinessDesk) - New Zealand retail sales volumes accelerated more than expected in the second quarter, led by hardware and building supplies. Retail sales volumes rose a seasonally adjusted 1.1 percent in the second quarter, from a revised 0.3 perc...
Cavalier turns to profit in 2018, sees continuing improvements in future years
By Tina Morrison Aug. 22 (BusinessDesk) - Carpet-maker Cavalier Corp turned to an annual profit and improved its debt and cash balances as it benefits from the previous year's restructuring. The Papatoetoe-based company posted a net profit of $4.1 million in the year ended...
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