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Property values outside Auckland reach record high
By Victoria Young Aug. 13 (BusinessDesk) - Property values outside Auckland have reached a record high, the Real Estate Institute of New Zealand's (REINZ) latest House Price Index shows. The index - which measures changing values of property in the market - rose to 2,761 in...
Wrightson earnings slide as gloomy farmers cut spending
By Paul McBeth Aug. 13 (BusinessDesk) - A skinnier PGG Wrightson reported a 29 percent slide in annual earnings from its remaining businesses as the Mycoplasma bovis outbreak curbed spending by farmers. Operating earnings before interest, tax, depreciation and amortisation...
Summerset Group's total assets jump 24% to $3b, 1H net profit eases slightly
By Rebecca Howard Aug. 13 (BusinessDesk) - Summerset Group reported a slightly lower first half net profit as valuation gains for the retirement village operator and developer continued to ease but its total assets jumped to more than $3 billion. Underlying earnings, which...
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