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Hoyts NZ cinema unit almost doubles annual profit after selling distribution arm, converts to digital
By Tina Morrison Nov. 8 (BusinessDesk) – The Hoyts cinema chain in New Zealand almost doubled annual profit in 2013 after it sold its local distribution arm to French company Canal Plus Group and invested in switching its cinemas over to a digital format. Profit rose to $10.1...
Lyttelton Port sees FY profit rising up to 6 percent, still at odds with insurers over redevelopment plan
By Paul McBeth Nov. 8 (BusinessDesk) - Lyttelton Port Co, Christchurch’s ocean trade hub, is forecasting annual profit to rise by as much as 6 percent in the current financial year, though it is still at loggerheads with its insurers over the cost of its redevelopment plan. Th...
Bridgecorp’s Roest loses appeal against conviction, sentence
Nov. 8 (BusinessDesk) - Bridgecorp’s former finance director Rob Roest has lost his appeal to overturn his sentence and conviction for signing off on untrue statements in the failed lender’s offer documents. The Court of Appeal today dismissed his appeals that Justice Geoff Ve...
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