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Restaurant Brands' second-quarter sales rise 32%, driven by KFC in Australia
By Jonathan Underhill Sept. 22 (BusinessDesk) - Restaurant Brands New Zealand posted a 32 percent gain in second-quarter sales, with the bulk of the increase coming from the 42 KFC stores in New South Wales acquired in April. Sales rose by $38.6 million to $159.5 million in...
Port Nicholson Trust posts first annual profit, eyes Wellington CBD land
By Sophie Boot Sept. 22 (BusinessDesk) - Port Nicholson Block Settlement Trust, the Wellington Maori tribal investment vehicle, has turned to an annual profit, its first since receiving its Treaty of Waitangi settlement in 2010. Net profit in the year to March 31 was $54,49...
Fonterra full-year profit rises 65% as cost cuts, cheaper milk make up for lower sales
Sept. 22 (BusinessDesk) - Fonterra Cooperative Group, which has raised its forecast milk payout twice in as many months, posted a 65 percent gain in full-year profit as cost cutting and cheaper milk prices made up for a decline in sales. Profit rose to $834 million in the 12 m...
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