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Synlait beats prospectus forecast as full-year profit more than doubles
Sept. 24 (BusinessDesk) - Synlait Milk, the Canterbury-based dairy processor that went public in July, posted a 161 percent jump in full-year profit, beating its prospectus forecast, although infant formula sales missed its target. Profit was $11.5 million in the year ended Jul...
Kathmandu boosts 2013 profit 27 percent, expects solid performance in 2014
By Tina Morrison Sept. 24 (BusinessDesk) – Kathmandu Holdings, the second-best performer on New Zealand’s benchmark index the past year, boosted full-year profit 27 percent to a record on increased sales in its main markets of New Zealand and Australia. Net profit rose to $44.2...
NZ dollar little changed as investors await direction on Fed tapering
By Tina Morrison Sept. 24 (BusinessDesk) – The New Zealand dollar traded in a narrow range as investors look for signals indicating when the US Federal Reserve is likely to start tapering its US$85 billion a month monetary stimulus programme. The kiwi edged up to 83.75 US cent...
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