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Goodman Fielder 1H profit more than doubles on asset sales; revenue falls
Feb. 13 (BusinessDesk) – Goodman Fielder, the biggest food company in Australia and New Zealand, said first-half earnings more than doubled on gains from asset sales while revenue fell with the rise of supermarket inhouse baking and grocery brands. Profit rose to A$51 million,...
Treasury keeps half-year forecasts intact, sees kiwi dollar strength into next year
By Paul McBeth Feb. 13 (BusinessDesk) - The Treasury reckons its December forecasts for economic growth are still intact as New Zealand continues its gradual recovery, though the headwind of a strong kiwi dollar is likely to endure into next year. Secretary Gabriel Makhlouf tol...
ASB Bank 1H cash profit rises 7 percent on wider margins, increased lending
Feb. 13 (BusinessDesk) – ASB Bank, the local unit of Commonwealth Bank of Australia, posted a 7 percent gain in first-half cash profit on increased mortgage and business lending saw growth in interest income outpace operating expenses. Cash profit, which excludes some one-time...
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