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Trustpower-controlled King Country Energy reports $8.1 mln proft
By Edwin Mitson June 15 (BusinessDesk) - King Country Energy, the Taumarunui-based power generator and retailer, says profit in the fifteen months to the end of March 2016 was $8.1 million, up from $3.8 million in calendar 2014. The company, which operates four hydro statio...
A2 Milk shares jumped 14% on improved guidance
By Edwin Mitson June 15 (BusinessDesk) - A2 Milk shares rose 14 percent after the milk marketing company raised its full-year guidance and said it is well placed to cope with changes to infant formula regulations in China. Revenue is now forecast to be in a range of $350 mi...
Air NZ to join in discounted Virgin Australia rights offer
By Paul McBeth June 15 (BusinessDesk) - Air New Zealand will take part in Virgin Australia's planned A$852 million rights issue, even though the national carrier plans to offload the bulk of its stake to China's Nanshan Group. Melbourne-based Virgin Australia today said it...
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