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Augusta lifts net profit six fold as investors flock into new funds
Services

Augusta lifts net profit six fold as investors flock into new funds

By Jenny Ruth May 24 (BusinessDesk) - Augusta Capital’s annual net profit rose more than six fold to a record as underlying income, management fees and transactional fees all grew strongly. The property company’s net profit for the year ended March rose to $6.9 million from...

Jenny Ruth 23 May 2019
Gentrack posts $8.7M loss on CA Plus write-down
Services

Gentrack posts $8.7M loss on CA Plus write-down

By Gavin Evans May 24 (BusinessDesk) - Utilities software specialist Gentrack Group has reported an $8.7 million first-half loss after writing off the value of airport software developer CA Plus it acquired in 2017. The company, which provides billing and customer managemen...

Gavin Evans 23 May 2019
Ryman hikes dividend as annual earnings grow on wider development margin
Services

Ryman hikes dividend as annual earnings grow on wider development margin

By Paul McBeth May 24 (BusinessDesk) - Ryman Healthcare will pay a bigger return to shareholders after chalking up another record earnings result on wider development margins, despite slowing sales.  The country's biggest listed retirement village operator will pay annual d...

Paul McBeth 23 May 2019
Spark scolded for misleading customers on broadband price hike
Services

Spark scolded for misleading customers on broadband price hike

By Paul McBeth May 23 (BusinessDesk) - Spark New Zealand has been told off by the Commerce Commission for the way it hiked copper-line broadband prices last year when it didn't let customers know they could cancel their agreement.  The regulator sent a warning letter to the...

Paul McBeth 23 May 2019