Tag Archives: Companies

The Directors of BLIS Technologies (“BLT”) advise that the Group recorded a net deficit of $1,856k for the March 2013 financial year (2012:$1,759k). The result was in line with the revised guidance provided in February 2013 and reflected a disappointing operating performance and the decision in February to restructure the operations of BLIS Functional Foods (“BFF”) with the cessation of …

Tower, the insurer that is 34 percent owned by Guinness Peat Group, has posted a first-half profit after reaping $51.4 million in gains from the sale of its health, life, and investment units that left it as a general insurer. Net profit rose to $44.2 million, or 19.33 cents per share, in the six months ended March 31, from $23.6 …

Allied Farmers, which kept itself alive in March through a fire sale of toxic loans, is back in the firing line after its rural unit was today served with a liquidation notice by the Inland Revenue Department over a $4.2 million tax bill. The Hawera-based company was today served with the notice, 26 days after it was filed with the …

Acurity Health Group, the private hospital operator formerly known as Wakefield Health, reported a smaller decline in annual earnings than forecast, while warning subdued demand for private sector health was making it difficult to keep a lid on costs. Net profit fell to $5.9 million, or 34 cents per share, in the 12 months ended March 31 from $6 million, …

New Zealand Sugar Company, which operates the iconic pink Chelsea Sugar refinery on Auckland’s Waitemata Harbour, boosted profit last year as it benefitted from higher exports and lower costs. The company’s profit rose 15.7 percent to $21.4 million in the year ended Dec. 31, 2012, as revenue fell 5.8 percent and costs dropped 8.8 percent, according to accounts filed with …

Ecoya, which is changing its name to Trilogy International, eked out a small profit as underlying earnings climbed 26 percent on the strength of its skincare product range. The Auckland-based company made a profit of $34,000 in the 12 months ended March 31, from a loss of $218,000 a year earlier, it said in a statement. Earnings before interest, tax, …

Snakk Media, the latest brainchild of Hyperfactory co-founder Derek Handley, has raised $6.5 million from an over-subscribed share purchase plan and private placement, which it will use both to fund its expansion and potentially takeover targets. The Auckland-based company raised about $5.9 million from the share purchase plan and $600,000 in a private placement to eligible investors at 12 cents …

Conservation Minister Nick Smith has approved access over conservation estate land for Bathurst Resources to develop an open cast coal mine on the Denniston Plateau, above Westport, to the dismay of environmental opponents. The timing for Smith’s move avoids Bathurst having to resubmit applications for access agreements under the revised Crown Minerals Act, which comes into force tomorrow and would …

Guinness Peat Group will have to keep on more staff than previously planned as it works with the UK regulator over its liability for the Coats pension schemes. Chairman Rob Campbell told shareholders in Auckland the investment firm will have to keep certain corporate functions at GPG for longer than it intended as it figures out what level of funding …

Rakon, which makes crystal oscillators used in smart phones and navigation systems, plunged deeper into the red after writing down the value of its Chinese and New Zealand units, and posting underlying earnings at the bottom of its twice-downgraded guidance. The Auckland-based company made a loss of $32.8 million, or 17.1 cents per share, in the 12 months ended March …