Recent Posts

Summerset more than doubles first-half profit, steps up build rate in 2016

Summerset Group, New Zealand’s third-largest listed retirement village operator, more than doubled first-half profit as it boosted sales after opening four new villages in the second half of 2014. Profit rose to $35.7 million, or 16.33 cents per share, in the six months ended June 30, from $15.3 million, or 7.04 cents, a year earlier, the Wellington-based company said in a statement. Revenue …

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PFI boosts 1H profit, will raise $49.5m to fund developments

Property For Industry, the listed industrial landlord, nearly doubled its first-half profit on a valuation uplift for its portfolio and said it will tap investors for $49.5 million for acquisitions and developments. Profit rose to $36.4 million, or 8.85 cents per share, in the six months ended June 30, from $14.4 million, or 3.5 cents, a year earlier, the Auckland-based company said …

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Wrightson beats guidance with 18.4% gain in full-year earnings, lowers dividend

PGG Wrightson, the rural services firm controlled by China’s Agria Corp, beat its guidance with an 18.4 percent gain in annual earnings, led by an improved performance for seed and grain. It declared a lower final dividend after investing in businesses in Uruguay and Australia. Operating earnings before interest, tax, depreciation and amortisation rose to $69.5 million in the year ended …

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