Apple Sales New Zealand, the local unit of the iPad and iPod maker, increased annual profit by 44 percent, on largely unchanged sales, as it benefited from a gain on its currency positions. Profit was $15.1 million in the year ended Sept. 27, up from $10.5 million the year earlier, according to its financial statements lodged with the Companies Office. Sales rose to …

Lion  – Beer, Spirits & Wine (NZ) Ltd , which has 46 percent of the New Zealand market and is owned by Japan’s Kirin Holdings, is making less money in the domestic market as alcohol drinkers opt for quality over quantity. Accounts for Lion filed to the Companies Office add to the picture of a declining booze industry, partly offset by a move to “premiumisation” and …

By Fiona Rotherham March 16 (BusinessDesk) – Indian billionaire Nandan Nilekani says scale is a problem New Zealand companies need to overcome to crack the growing Indian market. Nilekani has been twice named by Times magazine as one of the world’s 100 most influential people and is the former chairman of the Unique Identification Authority of India (UIDAI) which is …