Services
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Metlifecare lifts underlying annual net profit 4%
By Jenny Ruth Aug. 26 (BusinessDesk) - Metlifecare’s annual net profit fell 68 percent because of smaller gains in the fair value of its retirement villages but underlying profit was up 4 percent and underlying operating cash flow rose 2 percent. Net profit for the year end...
Economy
Intuit on track to overtake Xero outside the US
By Jenny Ruth Aug. 26 (BusinessDesk) - United States-based Intuit increased its subscribers in the US at a steady pace in its fourth quarter but increased momentum in gains outside the US, suggesting it may soon overtake Xero as market leader. Xero’s arch rival in providing...
Finance
Kiwibank's annual profit eases as fee income drops
By Jenny Ruth Aug. 23 (BusinessDesk) - Kiwibank’s annual net profit fell $7 million, reflecting both lower fee income and one-off gains in the previous year. Net profit fell to $108 million for the year ended June despite net interest income rising 8.3 percent to $445 milli...
Retail
UPDATE: Ebos shares hit record on promise of increased earnings
(Updating to add share price reaction in lead, 7th par) By Jenny Ruth Aug. 22 (BusinessDesk) - Ebos shares hit a record after it promised “a significant increase” in earnings this year following a flat result for the year ended June. Annual net profit rose to $137.7 mill...
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