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Trade Me earnings outlook revised down 4 percent for 2014, 2015 after first half disappoints
By Tina Morrison Feb. 25 (BusinessDesk) – Trade Me Group’s forecast earnings have been revised down by about 4 percent for each of the next two years after New Zealand’s largest auction site posted lower-than-expected first half profit as expenses increased at a faster pace tha...
NZ inflation seen edging above RBNZ mid-point this year, survey shows
Feb. 25 (BusinessDesk) – New Zealand inflation will average 2.03 percent in the coming year, just above the mid-point of the Reserve Bank’s target range, as economic growth picks up pace and interest rates rise, according to the central bank’s quarterly survey of expectations. I...
Acurity Health says cost control helping lift profit as sales fall
Feb. 25 (BusinessDesk) - Acurity Health Group said full-year underlying earning may rise as much as 15 percent as the private hospital operator formerly known as Wakefield Health keeps a lid on costs to make up for declining revenue. Profit will be $6.3 million to $6.9 million...
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