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Accounting standards chair Hoogervorst dark on Ebitda, prefers ‘rough’ measure of net profit
By Jonathan Underhill April 15 (BusinessDesk) – The head of the global body responsible for setting accounting standards says he scratches his head over companies using an Ebitda measure of earnings but he understands why some prefer not to focus on net profit as a performance m...
Telecom trims and extends banking facility
April 15 (BusinessDesk) - Telecom Corp, the country’s biggest telecommunications company, has trimmed the size of a banking facility, while pushing out its maturity date until 2017. The Auckland-based company reduced the $400 million committed standby revolving credit facility...
Budget to show $10,500 rise in average full-time income over six years to 2018 English
By Pattrick Smellie April 15 (BusinessDesk) – This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not...
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