Recent Posts

APN returns to profit, plans A$132M capital raising to fund radio acquisition

  The Sydney-based company eked out a net profit of A$2.6 million in calendar 2013, turning from a loss of A$507.4 million in the previous year, when it slashed the value of its goodwill and mastheads. The media group has been restructuring its business over the past year, quitting assets including its stake in an outdoor advertising venture, its unprofitable …

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Trade Me shares tumble to 19-month low on slower earnings growth

Shares in Trade Me Group fell to a 19-month low, making the stock the worst performer on the benchmark NZX 50 Index, after New Zealand’s largest online auction site posted lower-than-expected first half profit, raising doubts about its future earnings growth. Trade Me shares fell as low as $3.68, and recently traded down 6.2 percent at $3.80.The Wellington-based company said …

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Ebos meets guidance as 1H profit more than triples, to overhaul executive team

Ebos Group said first-half profit more than tripled, meeting its guidance after the acquisition of Symbion, and said its top executives would be replaced by managers of the Australian drug distributor and distributor. Profit was $49.9 million in the six months ended Dec. 31, up from about $15 million a year earlier, the Christchurch-based company said in a statement. Sales …

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