Recent Posts

Ebos outlook subdued after Symbion acquisition driven profit boost

Ebos Group is unlikely to repeat a trebling of annual profit fuelled by last year acquisition of the Symbion pharmaceutical wholesaler and distributor in Australia, where regulatory changes are putting pressure on the sector. The $1.1 billion cash and scrip Symbion purchase in June 2013 was a game-changer for the Christchurch-based healthcare and animal care manufacturer company, more than tripling annual revenue in a deal that gave Symbion’s …

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Air NZ shares hit 2-month high on profit growth, fatter dividend

Air New Zealand shares rose to a two-month high after the government-controlled national carrier boosted annual profit 45 percent on increased passenger numbers and capacity, and said it will double shareholder returns with a special dividend. The shares rose as high as $2.20, and were recently up 1.4 percent at $2.18, having climbed 31 percent this year, outpacing a 6.4 percent gain in the NZX All Index …

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Genesis Energy beats prospectus forecast with 53% drop in full-year profit

Genesis Energy, New Zealand’s largest energy retailer, posted a 53 percent drop in full-year profit, beating its prospectus forecast and affirmed it was on track to meet its targets for 2015 even in the face of heightened retail competition for electricity and gas. Profit was $49.2 million in the 12 months ended June 30, down from $104.5 million a year earlier, the …

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