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Turners Group lifts 1H profit 5.9% as cheap imports attract customers
By Paul McBeth Aug. 15 (BusinessDesk) - Turners Group NZ, which this month changed its name from Turners Auctions, lifted first-half profit 5.9 percent as a strong New Zealand dollar lowered the cost of imported cars, helping attract customers with cheaper prices, and the comp...
Michael Hill annual profit falls 22% on declining profit margin, Australian tax payment
By Tina Morrison Aug. 15 (BusinessDesk) - Michael Hill International, the jewellery chain that bears the name of its founder, posted a 22 percent drop in annual profit as its profit margin declined and it paid a settlement to the Australian Tax Office. The Brisbane-based re...
Fonterra's farmgate milk price out of step with efficiency
By Pattrick Smellie Aug. 15 (BusinessDesk) - The Commerce Commission says Fonterra Cooperative Group's decision to cut the last season's forecast payout to farmer shareholders by 55 cents per kilogram of milksolids below the result produced by its Farm Gate Milk Price calculat...
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