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Kiwibank lifts FY profit 3%, eyes dividend in next three years
By Paul McBeth Aug. 29 (BusinessDesk) - Kiwibank, the state-owned lender, lifted annual profit 3 percent as it widened net interest margins, and is looking to start paying dividends to its owner in the next three years. Net profit rose to $100 million the 12 months ended Ju...
NZ building consents rise 0.1% in July, as Canterbury consents slow and Auckland picks up
By Tina Morrison Aug. 29 (BusinessDesk) - New Zealand building consents rose at a modest 0.1 percent pace in July, slower than the 3.5 percent pace in June, reflecting a drop in the number of consents issued in Canterbury and a pick up in Auckland. The number of consents in...
Mercer posts annual loss on new staff hires, tough Australian conditions
By Suze Metherell Aug. 29 (BusinessDesk) - Mercer Group, the stainless steel manufacturer, reported an annual loss as it hired new staff to fuel future profit growth while trading conditions in Australia remained tough. The Auckland-based company posted a loss of $483,000 i...
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