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Methven first-half profit falls 27 percent, missing target, on unprofitable UK unit
Nov. 29 (BusinessDesk) - Methven, the tapware maker whose board agreed to link directors' fee increases to earnings growth, reported a worse-than-expected 27 percent drop in first-half profit on its unprofitable British operation. Net profit fell to $2.3 million, or 3.5 cents...
Argosy boosts first-half earnings 29 percent as benefits of internalisation kick in
By Paul McBeth Nov. 29 (BusinessDesk) - Argosy Property, whose shareholders agreed to corporatise the company after buying out its ANZ Bank-owned manager last year, lifted first-half earnings 29 percent as it reaped the benefits of a cheaper cost structure from bringing manageme...
Tower FY profit jumps 67 percent , to return $120M to shareholders; shares jump
Nov. 29 (BusinessDesk) - Tower, the insurer that’s 34 percent owned by Guinness Peat Group, posted a 67 percent jump in full-year profit and said it will return $120 million to shareholders after the sale of medical insurance business. The shares climbed 4.2 percent as the marke...
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