Tag Archives: Companies

Comvita, which produces health products from manuka honey and olive leaves, expects a 15 percent fall in annual profit because of expensive honey, supply shortages and tough trading conditions in the UK and Australia. The Te Puke-based company expects net profit of $7 million in the year ending March 31, down from $8.2 million a year earlier which it had …

New Zealand’s dominant mobile and landline phone companies Telecom and Vodafone New Zealand are teaming up with Australian rival Telstra to look building a new trans-Tasman submarine cable to lift the nation’s internet links to the rest of the world. The phone companies have signed a non-binding memorandum Greasy types ruin works makeup cialis online pharmacy rocks skin This echeck …

Bank of New Zealand first-quarter profit sank 56 percent after the local unit of National Australia Bank took bigger impairment charges on its loan book and wrote down the value of financial instruments. Loan growth bolstered underlying earnings. Net profit fell to $126 million in the three months ended Dec. 31 from $289 million a year earlier, according to the …

Freightways, the courier and data management company, posted an 11 percent gain in first-half profit to a record, meeting estimates, and said the outlook is for a slow pace of growth. Profit rose to $21 million in the six months ended Dec. 31, from $18.97 million a year earlier, the Auckland-based company said in a statement. Sales rose 8 percent …

Property for Industry, the listed industrial property investor, reported a 7.5 percent fall in annual earnings as the company rejigged its portfolio with some asset sales and dealt with vacancies in the year, though management is optimistic about the coming year. Distributable profit, the favoured measure for property companies because it strips out unrealised changes in the fair value of …

Infratil and its manager Morrison & Co say no decision has been made to sell specific assets such as Z Energy of its NZ Bus unit. how to increase penis size The NZ Herald reported today that Infratil has been reviewing its capital structure and both Z Energy and NZ Bus could be sold to free up capital for it …

OceanaGold Corp’s after-tax profit for the 2012 calendar year more than halved from the previous year despite a 55 percent increase in gold production in the fourth quarter compared to the previous three months to Sept. 30. The Melbourne-based New Zealand and Filipino gold miner declared a tax-paid profit of US$20.67 million, down from US$44.17 million the previous year, reflecting …

Steel & Tube Holdings, the building products firm whose majority shareholder exited its holding in October, posted a 14 percent gain in first-half profit and expects second half results to exceed those in the first six months of the year. Profit rose to $7.29 million, or 8.3 cents a share, in the six months ended Dec. 31, from $6.37 million, …

ANZ New Zealand, the country’s biggest lender, reported a 25 percent fall in first-quarter profit as the local unit of Australia & New Zealand Banking Group recorded softer margins, even as it grabbed more market share. Net profit dropped to $300 million in the three months ended Dec. 31, from $400 million a year earlier, according to ANZ New Zealand’s …

Hallenstein Glasson, which runs the clothing chains that make up its name, lifted first-half profit 15 percent with a “robust” sales period in New Zealand. The Auckland-based company said net profit will be between $10.3 million and $10.5 million in the six months ended Feb. 1, from $9 million a year earlier. That’s just ahead of Forsyth Barr’s forecast of …