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Summerset more than triples FY profit, beats expectations with dividend
By Paul McBeth Feb. 25 (BusinessDesk) - Summerset Group, the retirement village operator and developer, more than tripled its net profit, beating the forecast from its 2011 prospectus, and will pay a bigger dividend than what analysts were picking. Net profit climbed to $14.8...
NZ Post first-half earnings saved by KiwiBank, courier services as mail’s slide continues
Feb. 25 (BusinessDesk) – New Zealand Post Group, the state-owned postal service, posted a 68 percent jump in first-half profit as stronger earnings from KiwiBank and Express Couriers made up for the continued slide at its core postal service. Profit rose to $59.6 million in the...
Meridian sees strong second half after testing first six months
By Pattrick Smellie Feb 25 (BusinessDesk) - Meridian Energy says it's ready for partial privatisation and expects a significant uplift in operating earnings in the second half after transmission outages and heavy rainfall knocked its performance in the six months to Dec. 31. Th...
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