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ASB lifts annual earnings 11%, helping drive CBA growth

ASB lifts annual earnings 11%, helping drive CBA growth

By Paul McBeth Aug. 13 (BusinessDesk) - ASB Bank lifted its annual cash profit 11 percent as it boosted mortgage and business lending, helping drive growth for parent Commonwealth Bank of Australia, while insurer Sovereign's earnings edged up 3 percent. CBA's New Zealand ba...

12 Aug 2014
Suncorp's NZ insurance assets deliver strong growth

Suncorp's NZ insurance assets deliver strong growth

By Pattrick Smellie Aug. 13 (BusinessDesk) - Brisbane-based general and life insurer Suncorp recorded stronger investment returns and earnings growth from its New Zealand units, Vero and AA Insurance, than from its Australian business lines in the year to June 30, boosted in p...

12 Aug 2014
Precinct Property annual profit rises 9.4% as Auckland rentals strengthen

Precinct Property annual profit rises 9.4% as Auckland rentals strengthen

By Suze Metherell Aug. 13 (BusinessDesk) - Precinct Properties New Zealand, formerly known as AMP NZ Office, said annual earnings rose 9.4 percent as its Auckland rentals continued to strengthen and Wellington occupancy remained static. Operating profit, which excludes some...

12 Aug 2014