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Hallenstein says sales rose 7 percent in first 4 months of year, profit ahead of 2012
Dec. 5 (BusinessDesk) - Hallenstein Glasson Holdings, the clothing chain, said sales in the first four months of the year are up 7 percent and profit is ahead of the same period last year. “While this is a good start, the success of the first half of our financial year hinges on...
NZ operating deficit wider than expected as GST, PAYE tax take misses forecasts
Dec. 5 (BusinessDesk) - The New Zealand government's operating deficit was wider than forecast in the first four months of the financial year as the Crown clipped a smaller tax take on consumer spending and wages. The operating balance before gains and losses (obegal) was a de...
Postie Plus warns of further potential breaches of banking covenants
Dec. 5 (BusinessDesk) - Postie Plus Group, the retailer forced to renegotiate terms of its loans with Bank of New Zealand in October, says it has identified further potential covenant breaches and will be back in talks with its lender. “Although it is not clear to PPGL whether...
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