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Steel & Tube first-half profit drops 64% on inventory writedown, restructuring costs
By Paul McBeth Feb. 23 (BusinessDesk) - Steel & Tube posted a 64 percent decline in first-half profit as the steel products maker wrote down the value of inventory and bore the cost of restructuring the business, which it anticipates will lead to improved earnings over the nex...
Delegat Group lifts 1H operating profit 9% to record $26.9 mln
By Rebecca Howard Feb. 23 (BusinessDesk) - Delegat Group, New Zealand’s largest listed winemaker, lifted operating profit 9 percent in the first half due to the favorable impact of foreign change rate changes and increased in-market pricing and the company is upbeat about the...
FIRST CUT: Port of Tauranga lifts FY earnings guidance after 1H cargo volumes rise
By Jonathan Underhill Feb. 23 (BusinessDesk) - Port of Tauranga, New Zealand's biggest port company, raised its full-year earnings guidance after posting a 13 percent gain in first-half profit that was driven by growth in cargo volumes. Net profit rose to $47 million in the...
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