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Mylan’s New Zealand unit boosts profit by two thirds as sales growth outpaces costs
By Tina Morrison June 18 (BusinessDesk) – Mylan New Zealand, the local unit of the world’s third-largest generic-drug maker, boosted profit by two-thirds last year as sales growth outpaced expenses. Profit rose 62 percent to $9.4 million in the 12 months ended Dec. 31, the Auck...
Elders rejects ‘inadequate’ offer for rural services business
June 18 (BusinessDesk) – Elders, the ASX-listed agribusiness company, has rejected an offer from Ruralco Holdings for its rural services business, which includes a half stake in New Zealand’s Elders Rural Holdings. The Australian company put its Rural Services division up for s...
Goodyear’s NZ accounts tagged as tyre company’s future relies on latest restructure
By Paul McBeth June 18 (BusinessDesk) - Goodyear & Dunlop Tyres (NZ), the local unit of the biggest US tyre maker, posted a third annual loss last year and its accounts were tagged by the auditors as its future viability becomes increasingly reliant on its decision to quit retai...
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