Tuesday , October 16 2018
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Tag Archives: nz companies

Kirkcaldie turns to first-half loss on tax writeoff, falling sales

Kirkcaldie & Stains turned to a first-half loss as sales fell and the Wellington department store operator wrote down a deferred tax asset The loss was $501,000 in the six months ended Feb. 28, from a profit of $563,000 a year earlier, the Wellington-based retailer said in a statement. Total revenue fell to …

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GeoOp doubles annual sales as it chases US customers

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GeoOp, the workforce management app, said annual sales doubled after a strong pick up in customers in the last month of its financial year. Subscription revenue rose to $1.27 million in the 12 months ended March 31, from $610,000 a year earlier, the Auckland-based company said in a statement. Licensed …

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Bohannan resigns from Bathurst Resources

Hamish Bohannan has resigned from Bathurst Resources after five years leading a coal miner whose expansion has been put on hold pending a recovery in coal prices.   Bohannan joined Bathurst in 2008 and played a key role establishing the company as a coal producer and driving the heavily contested consenting process for its Escarpment …

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2degrees acquires Snap ISP for complete business offering

2Degrees, New Zealand’s third-largest mobile telecommunications provider, is to acquire Christchurch-based internet service provider, Snap, to allow it to compete more effectively for business customers by offering a full range of mobile, broadband and fixed-line voice telephony using the internet.   The purchase, for an undisclosed sum, formally links the two companies, …

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Huljich loans Pushpay $4 million to fund US growth plans

Pushpay Holdings, the NZAX-listed mobile payment app developer, has secured a $4 million funding line from cornerstone shareholder the Huljich family as it chases earnings growth in the US. Christopher & Banks Private Equity V, an investment vehicle for the Huljich family, have loaned the Auckland and Redmond-based company the cash on “arm’s …

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Foley Family Wines turns first half profit as sales grow

Foley Family Wines, majority owned by American businessman and vineyard owner Bill Foley, posted a first-half operating profit as sales increased 14 percent. Underlying profit, which strips out fair valuation changes for harvested grapes, was $661,000 in the six months ended Dec. 31, compared to a loss of $96,000 in the previous comparable period, …

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