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Wynyard halves 2016 guidance after more than doubling first-half loss
By Sophie Boot Aug. 24 (BusinessDesk) - Wynyard Group, the intelligence software developer, more than doubled its first-half loss and halved its full-year guidance. The net loss widened to $36.3 million in the six months ended June 30, from $17.6 million a year earlier, the...
FIRST CUT: Meridian Energy annual earnings up 5%; pays special dividend
By Pattrick Smellie Aug. 24 (BusinessDesk) - Meridian Energy has followed its fellow part-privatised counterpart, Mercury NZ, by declaring a special dividend for shareholders in a sector where strong cashflows are not currently required for new investment. Meridian declared...
FIRST CUT: Genesis annual earnings slip 2.7% on weak energy prices, competition
By Pattrick Smellie Aug. 24 (BusinessDesk) - Genesis Energy, New Zealand's largest electricity retailer, posted a 2.7 percent decline in annual operating earnings as a combination of lower electricity, gas and oil prices combined with ongoing retail market competition to reduc...
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