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NZ govt turns out unexpected operating surplus in five-months to November on rising tax take
By Paul McBeth Jan. 25 (BusinessDesk) - The New Zealand government posted an unexpected operating surplus in the first five months of the financial year as rising consumer spending bolstered GST and a robust labour market boosted income tax. The operating balance before ga...
Oceania Healthcare lifts 1H profit 93% as property values, unit sales rise
By Sophie Boot Jan. 25 (BusinessDesk) - Oceania Healthcare, which listed on the NZX last May, reported first-half profit nearly doubled as its investment property became more valuable and it sold more retirement village units. The Auckland-based aged-care operator said that...
Trustpower to probe TECT proposal to ditch customer rebates for community projects
By Paul McBeth Jan. 25 (BusinessDesk) - Trustpower will take a close look at a proposal by cornerstone shareholder Tauranga Energy Consumer Trust to ditch customer rebates in five years in favour of funding community projects. The trust owns 26 percent of Trustpower and di...
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