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UPDATE: Fletcher Building reports loss but expects to resume dividends in FY19
(Updates to add detail throughout, broker comment) By Rebecca Howard Aug. 22 (BusinessDesk) - Fletcher Building reported a full year loss but expects to resume paying dividends this year after overhauling the business in the wake of steep losses in its Building + Interiors...
FIRST CUT: A2 Milk doubles profit in 2018 on strong formula sales
By Sophie Boot Aug. 22 (BusinessDesk) - A2 Milk Co more than doubled its 2018 profit as it lifted its margins on increased infant formula sales. Net profit rose to $195.7 million in the year ended June 30, from $90.6 million a year earlier, on a 68 percent lift in revenue t...
FIRST CUT: Spark annual profit falls 7.9% as Quantum costs kick in
By Paul McBeth Aug. 22 (BusinessDesk) - Spark New Zealand posted a 7.9 percent decline in annual profit as the country's biggest telecommunications company booked restructuring costs as it chases the mantle of being the lowest cost operator. Net profit fell to $385 million...
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