Tag Archives: Companies

Moa Group, the boutique beer maker which raised $16 million in a float last year, reported a bigger loss on an earnings before interest, tax, depreciation and amortisation basis than was flagged in its prospectus as it spent more on marketing. Including the five months before Moa was listed, the Auckland-based company made an EBITDA loss of $3.61 million in …

PGG Wrightson managing director George Gould will step down from New Zealand’s biggest rural technology and services firm after helping refocus the company. Gould previously headed Pyne Gould Guinness and was appointed to the top job at the larger company in February 2011 to help stabilise it as it exited non-core activities. He will leave Aug. 31, the Christchurch-based company …

Metlifecare, the retirement village operator whose shares have jumped 60 percent in the past year, plans to raise up to $80 million in a placement and share purchase plan as it rolls out its expansion plans. The company’s shares were halted for the placement of $70 million of shares to institutions. It will also raise up to $10 million in …

Methven, the tapware maker, confirmed a 20 percent slide in annual profit that it first flagged last month, due to a weak Australian market. It is still mum on a potential acquisition. Profit dropped to $5.2 million, or 7.7 cents per share, in the 12 months ended March from $6.5 million, or 9.7 cents, a year earlier, the Auckland-based company …

Restaurant Brands, which operates four fast-food chains, lifted first-quarter sales 3.9 percent after it added the Carl’s Jr burger brand to its stable in November. Sales at its 179 stores increased by $2.8 million to $73.3 million in the 12 weeks ended May 20, from the year earlier period, the Auckland-based company said in a statement. The addition of three …

Ebos Group, the healthcare and animal care products company, has agreed to buy Zuellig Group’s Australian pharmaceutical wholesaler and distributor, Symbion, in a $1.1 billion deal which will more than triple its annual revenues and make it a major player across Australasia. The Christchurch-based company will pay $367 million in cash and $498 million in scrip, while taking on $230 …

Allied Farmers, which kept itself alive in March through a fire sale of toxic loans, may lift the value of its loan book by $274,000 as the Inland Revenue Department threatens to wind up its rural operation to recover unpaid tax. The Hawera-based company’s board, which is finalising its 2013 accounts, “considers it appropriate to advise that indicatively the net …

Pharmacybrands, the retail pharmacy and medical centre owner, lifted annual profit by a third in the latest financial year amid a cost-cutting drive which will see the company trim its range of brands. Net profit rose to $13.3 million, or 10.71 cents per share, in the 12 months ended March 31, from $9.9 million, or 8.72 cents, a year earlier, …

Zespri International, which controls exports of New Zealand kiwifruit, reduced its annual profit by almost two thirds after it increased spending to help the industry recover from the Psa vine bacteria and paid Chinese court fines. Profit dropped 63 percent to $7.6 million in the 12 months ended March 31, as global kiwifruit sales fell 4 percent to $1.56 billion, …

Energy Mad, which has twice downgraded its 2013 earnings expectations, today posted a wider-than-expected loss of $2.5 million after design, manufacturing and production problems crimped sales. Energy Mad, which listed in late 2011, had forecast a $4 million profit for the year ended March 31 in its prospectus. The company subsequently lowered its forecast twice, most recently in February when …