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Tenon doubles first-quarter earnings, on track for annual US$20 million target
By Suze Metherell Oct. 21 (BusinessDesk) - Tenon, which sells wood mouldings in the US, says underlying earnings doubled in the first quarter and are on track to meet its US$20 million target for the full year. Earnings before interest, tax, depreciation and amortisation ro...

Snakk Media posts first positive quarterly earnings as sales rise 13%
By Paul McBeth Oct. 21 (BusinessDesk) - Snakk Media, which aggregates publishers’ ad space on mobile devices and matches it to advertisers’ demand, posted its maiden quarterly earnings result as sales rose 13 percent. The Auckland-based company reported earnings before inte...

NZ dollar falls after dairy product prices decline at overnight auction
By Tina Morrison Oct. 21 (BusinessDesk) - The New Zealand dollar fell after dairy product prices declined 3.1 percent at the GlobalDairyTrade auction overnight, snapping four gains for the country's largest commodity export. The kiwi dropped to 67.49 US cents at 8am in Well...