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Summerset 1H profit almost triples as it sold more rights and land value doubled, shares gain
By Tina Morrison Aug 13 (BusinessDesk) – Summerset Group, New Zealand’s third-largest listed retirement village operator, almost tripled first half profit as it sold more occupation rights and the value of its investment property more than doubled. Summerset’s net profit rose 1...
Opus International misses 1H profit expectations as NZ business struggles on Mainzeal, local govt spend
By Paul McBeth Aug 13 (BusinessDesk) - Opus International Consultants, the engineering firm with one of four mandates to lead design the Christchurch rebuild, posted a 13 percent decline in first-half earnings, missing estimates, as its local business was hurt by the Mainzeal li...
PGG Wrightson take $321M charge on goodwill, operating earnings drop on drought
Aug. 13 (BusinessDesk) - PGG Wrightson, the rural services company controlled by China’s Agria Corp, took a $321 million charge to write off goodwill from its 2005 merger while posting a decline in operating earnings in line with guidance on the effects of this year’s drought....
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