Wellington International Airport, which is two thirds owned by Infratil, boosted full-year profit by 44 percent while keeping returns within the range prescribed by regulations. Net profit for the year ending March 31 was $23.5 million, up from $16.2 million a year earlier, the airport said in a statement. Sales rose 4.4 percent to $110.9 million, while its return on aeronautical assets …

Two Degrees Mobile, which broke New Zealand’s mobile phone duopoly when entered the market in 2009, has largely made inroads into low-value prepay customers, but has struggled to attract more lucrative corporate clients, according to the Commerce Commission’s latest sector review. At the end of June last year, the Auckland-based company had a quarter of New Zealand’s 4.77 million mobile …

The New Zealand dollar touched a nine-week low against the yen and weakened against the greenback after dairy product prices extended their slide in the latest GlobalDairyTrade auction and traders awaited a meeting of the Bank of Japan. The kiwi touched 86.59 yen early this morning, its lowest since March 17, and was trading at 86.83 yen at 9:55am in Wellington, from 87.46 …