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Finance
Xero's curate's egg first-half result cheered by investors
Investors' response to Xero's first-half results was unambiguously positive despite it being a bit of a curate's egg.Xero shares, which trade only on the ASX, rose as high as a record A$74.54, up 10.4 percent from A$67.50 on Wednesday, before easing to close at A$73.95. The share...
Why TVNZ has to go local
TVNZ says the changing global TV landscape means it has to fork out on local programming in case its international providers opt to market their shows directly to consumers.Content director Cate Slater says the broadcaster now signs shorter contracts for international programmes...
Finance
UPDATE: Xero posts small net profit as customers pass 2 million
(Updates first and second pars to add share price reaction) Xero shares jumped more than 6.6 percent after it announced better-than-expected first-half results including a small net profit, positive cash flow and a 30 percent jump in subscriber numbers to more than two million...
Xero posts small net profit as customers pass 2 million
Xero posted a small net profit as its cash flow turned positive and subscriber numbers rose 30 percent to more than two million in the six months ended September.The accounting software company reported a $1.3 million net profit for the six months compared with a net loss of $28....
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