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CORRECT TVNZ half-year profit drops 26 percent, online revenues grow
(Removes incorrect 4th par referring to dividend payment from FY11 period.) Feb. 28 (BusinessDesk) - State-owned broadcaster Television New Zealand's earnings after tax for the six months to Dec. 31 fell 26 percent to $14.2 million as advertising revenues fell and the network s...
MARKET CLOSE NZ shares rise to new 5-year high; Air NZ jumps
Feb. 28 (BusinessDesk) – New Zealand shares rose to a new five-year high as investors cheered Air New Zealand’s profit growth and Fletcher Building pushed back above $9. The NZX 50 Index rose 43.68 points, or 1 percent, to 4320. Within the index, 25 stocks rose, 15 fell and 10...
Methven profit down on weak Australian trading, acquisition costs
Feb. 28 (BusinessDesk) - Methven, the tapware maker whose board agreed to link director fee increases to earnings growth, has lowered its expected annual profit on weak trading across the Tasman and costs arising from a potential purchase. The Auckland-based company expects re...
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