Recent Posts

Metlifecare on track for $60M full-year post-merger cashflows

Retirement village operator and aged care provider Metlifecare says it’s on track to meet its primary guidance of $60 million full-year operating cashflow after reporting cashflow of $29.2 million excluding interest and acquisition costs in the six months to Dec. 31. The results are heavily influenced by five months’ revenue from the merger last July of Vision Senior Living and …

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Telecom ekes out gain in 1H underlying earnings as mobile props up dwindling sales

Telecom Corp, the country’s biggest phone company, eked out a 3.7 percent lift in first-half underlying earnings as revenue from its mobile business propped up otherwise disappointing sales. Stripping out one-off items from the Chorus demerger a year earlier, adjusted earnings before interest, tax, depreciation and amortisation rose to $506 million in in the six months ended Dec. 31 from …

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Diligent sees no need to restate earnings after review of executive options

Diligent Board Member Services, whose shares have more than doubled in the past 12 months, says it sees no need to restate earnings after reviewing a report into executive options that may not have complied with its incentive schemes. The shares, halted pending the report, will resume trading today. “At this time, the Diligent Board, based on advice received from …

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