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Infrastructure
Air NZ profit warning follows plane upgrade announcements
By Pattrick Smellie May 27 (BusinessDesk) - High aviation fuel prices have knocked up to $60 million off Air New Zealand's forecast pre-tax profits in just two months. The airline has dropped guidance for earnings this financial year to bottom of its previously announced ra...
Finance
Cooperative Bank profit drops 8.7% after cutting customer fees
By Paul McBeth May 27 (BusinessDesk) - Cooperative Bank posted an 8.7 percent decline in annual profit as the minnow lender cut $5 million in fees charged to its owner-customers. Net profit fell to $9.6 million in the 12 months ended March 31, from $10.5 million a year ear...
UPDATE: Fisher & Paykel Healthcare tops $1 billion in FY revenue, upbeat about FY2020
(Adds detail throughout from conference call, updates share price in 8th paragraph, fixes guidance in 9th paragraph) By Rebecca Howard May 27 (BusinessDesk) - Fisher & Paykel Healthcare topped $1 billion in revenue, reported a record full-year net profit and expects furthe...
Evolve awash with red ink on goodwill writedown
By Paul McBeth May 27 (BusinessDesk) - Evolve Education sank deeper into the red as it slashed the value of goodwill and has targeted a three-year turnaround backed by its recent capital raise The early education provider reported a loss of $101.6 million in the 12 months...
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