Tag Archives: Companies

Michael Hill International, the jewellery chain that bears its founder’s name, increased sales 6.8 percent last year as it opened more stores in what the company said was a “challenging environment”. Sales climbed to $541.5 million in the 12 months ended June 30, from $507.3 million a year earlier when sales rose at a 4.6 percent pace, the Brisbane-based retailer …

Energy Mad, whose shares are trading at less than a third of their 2011 IPO price, claims it recorded positive earnings in its first quarter, but is refusing to give any numbers. It says the positive helped by cost cutting, a foreign exchange gain and a better performance from its direct installation business. Unaudited earnings before interest, depreciation and amortisation …

Frucor Beverages, whose parent Suntory Beverage & Food debuted on the Tokyo Stock Exchange last week, posted a 31 percent decline in annual profit as costs rose and sales fell. The New Zealand bottler of Gatorade, V, Just Juice, h2go and Pepsi soft drinks reported a profit of $22.6 million in calendar 2012, down from $32.8 million a year earlier. …

Summerset Group, New Zealand’s third-largest listed retirement village operator and developer, sold 23 percent more occupation rights in the second quarter than the year-earlier period. Wellington-based Summerset sold 100 occupation rights in the second quarter, up from 81 in the same quarter last year, the company said. Of those, new sales of occupation rights rose 16 percent to 52, while …

Genesis Energy has secured resource consents for what would be the largest wind farm in New Zealand, a 286 turbine development in a remote part of the Wairarapa. However, low demand growth for electricity means it is unlikely to be built for many years. “With a 10 year lapse period and a 10 year construction period, the Castle Hill wind …

Freightways, the courier and data management company, said profit before one-time items rose 6 percent in 2013 and similar profit growth is expected in 2014, lagging analyst estimates of 10 percent growth in the coming year. The shares fell 2.9 percent to a one-month low. “The expected performance is consistent with Freightways most recent outlook comments that it expects to …

Cottonsoft, the toilet tissue maker working to repair its reputation after criticism of parent Asia Pulp & Paper’s tropical rainforest logging, narrowed its loss in 2012 and took a smaller shareholder advance, its accounts show. The net loss was $1 million last year, from a loss of about $2.4 million a year earlier, according to financial statements lodged with the …

Restaurant Brands New Zealand, which is counting on new burger chain Carl’s Jr to drive future earnings growth, is closing unprofitable stores at its worst-performing Starbucks unit ahead of a possible sale next year. The fast-food operator closed six Starbucks stores last financial year and may shutter a further five outlets as leases come up for renewal, leaving 22 profitable …

Restaurant Brands, New Zealand’s largest fast food operator by sales, is betting on new brands such as burger chain Carl’s Jr to drive future earnings growth in the nation’s $2 billion fast food market and remains keen on adding new offerings such as Taco Bell. The company opened its first two Carl’s Jr stores targeting “hungry young guys” last financial …

Pumpkin Patch, the children’s clothing chain, said full-year profit may drop as much as 35 percent in the face of intense competition in Australia, becoming the second local retailer this month to cite tough times across the Tasman. The shares tumbled to a 16-month low. Profit after tax, excluding reorganisation costs, is expected to be $7.5 million to $9 million …