Tag Archives: Companies

PGG Wrightson, the rural services company controlled by China’s Agria Corp, took a $321 million charge to write off goodwill from its 2005 merger while posting a decline in operating earnings in line with guidance on the effects of this year’s drought. The net loss was $306.5 million in the 12 months ended June 30, from a profit of $24.5 …

APN News & Media, the Australasian publisher of the New Zealand Herald newspaper, returned to profit in the first half of the financial year as it sold assets and clamped down on costs, and is mulling the sale of its underperforming brandsExclusive retail website. The Sydney-based media group reported net profit of A$12.8 million, or 1.9 cents per share, in …

Transpower, the state-owned national electricity grid operator, will pay the government almost $295 million in dividends for this year after annual profit more than tripled. data entry online jobs The Wellington-based company, which isn’t among SOEs slated for partial privatisation, will pay a final dividend of $137 million to the government, adding to its special dividend of $65.7 million declared …

ASB Bank, the New Zealand unit of Commonwealth Bank of Australia, boosted full-year cash profit 12 percent as it grew its wealth and insurance business and kept a lid on costs. Cash profit, which excludes one-time items that don’t reflect the underlying business, rose to $699 million in the 12 months ended June 30, the company said in a statement. …

Goodman Fielder, the biggest food company in Australia and New Zealand, has returned to annual profit after two years of restructuring aimed at streamlining its range of brands, exiting unprofitable businesses and paying down debt. Net profit was A$102 million in the year ended June 30, from a loss of $146.9 million a year earlier, the Sydney-based company said in …

Port of Tauranga, New Zealand’s busiest export port, has agreed to buy a half stake in PrimePort Timaru in a $21.6 million deal aimed at strengthening the Tauranga site as a hub for coastal shipping. The deal is subject to public consultation because PrimePort is 71.4 percent owned by Timaru District Council’s investment arm. The process will start on Aug. …

Moa Group is the worst performing stock on New Zealand’s benchmark index, dropping to a record low, after the boutique beer maker said it will miss its 2014 sales forecasts as volumes sold in New Zealand and Australia lag expectations. Shares in Moa slumped as low as low 80 cents, and recently traded at 85 cents, dropped 28 percent on …

Summerset Group, New Zealand’s third-largest listed retirement village operator, almost tripled first half profit as it sold more occupation rights and the value of its investment property more than doubled. The company’s net profit rose 174 percent to $10.8 million in the six months ended June 30, as revenue rose 16 percent, Wellington-based Summerset said in a statement. The shares …

PGG Wrightson, the rural services company controlled by China’s Agria Corp, took a $321 million charge to write off goodwill from its 2005 merger while posting a decline in operating earnings in line with guidance on the effects of this year’s drought. The net loss was $306.5 million in the 12 months ended June 30, from a profit of $24.5 …

Opus International Consultants, the engineering firm with one of four mandates to lead design the Christchurch rebuild, posted a 13 percent decline in first-half earnings, missing estimates, as its local business was hurt by the Mainzeal liquidation and lower local authority spending. Net profit fell to $9.4 million, or 6 cents per share, in the six months ended June 30, …