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Comvita FY profit falls 10 percent , beating guidance, on honey shortage, rising costs

Comvita FY profit falls 10 percent , beating guidance, on honey shortage, rising costs

May 23 (BusinessDesk) - Comvita, which produces health products from manuka honey and olive leaves, posted a 10 percent decline in full-year profit, beating its own guidance as it coped with a shortage of honey and higher costs. Net profit fell to $7.37 million, or 24.52 cents...

22 May 2013
Argosy lifts FY profit after year-earlier charges, property income falls

Argosy lifts FY profit after year-earlier charges, property income falls

May 23 (BusinessDesk) – Argosy Property reported a jump in full-year profit after earnings in the previous year were eroded by the costs of internalising its management contract. Net property income fell 1.8 percent. Profit was $39.2 million in the 12 months ended March 31, fro...

22 May 2013
NZ dollar declines after Bernanke says Fed may taper QE on signs of sustained improvement

NZ dollar declines after Bernanke says Fed may taper QE on signs of sustained improvement

By Tina Morrison May 23 (BusinessDesk) - The New Zealand dollar fell after US Federal Reserve Chairman Ben Bernanke said the central bank may taper monthly bond purchases at its next few meetings if it’s confident of sustained gains in the economy. The kiwi dropped to 80.64 US...

22 May 2013