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Rakon plunges deeper into the red on writedowns; shares tumble 8 percent
By Paul McBeth May 23 (BusinessDesk) - Rakon, which makes crystal oscillators used in smart phones and navigation systems, plunged deeper into the red after writing down the value of its Chinese and New Zealand units, and posting underlying earnings at the bottom of its twice-d...
Comvita FY profit falls 10 percent , beating guidance, on honey shortage, rising costs
May 23 (BusinessDesk) - Comvita, which produces health products from manuka honey and olive leaves, posted a 10 percent decline in full-year profit, beating its own guidance as it coped with a shortage of honey and higher costs. Net profit fell to $7.37 million, or 24.52 cents...
Argosy lifts FY profit after year-earlier charges, property income falls
May 23 (BusinessDesk) – Argosy Property reported a jump in full-year profit after earnings in the previous year were eroded by the costs of internalising its management contract. Net property income fell 1.8 percent. Profit was $39.2 million in the 12 months ended March 31, fro...
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