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Scales Corp posts $13.6 mln profit for 2012, cuts debt by 50 percent
June 6 (BusinessDesk) - Scales Corp, the fruit and vegetable logistics group controlled by investment firm Direct Capital, reported a return to profit in calendar 2012 and affirmed its intention to start paying dividends after reducing debt by about 50 percent. Profit was $13.6...
Bathurst jumps another hurdle on path to mining Denniston Plateau
June 6 (BusinessDesk) - Bathurst Resources has beaten off another appeal by environmental groups seeking to stop it mining for coal on the Denniston Plateau on the West Coast. In the High Court in Christchurch, Justice John Fogarty today turned down an appeal by the Royal Fore...
Kraft Foods pays $40 million dividend to parent Mondelez after takeover
By Tina Morrison June 6 (BusinessDesk) – Kraft Foods Investments (New Zealand), which makes Cadbury chocolate, paid its first dividend of $40 million to its parent company after being taken over in 2010, financial statements show. Kraft acquired Cadbury’s New Zealand operations...
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