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Auckland airport confirms earnings guidance for current FY

Auckland International Airport confirmed its expectation of an underlying profit after tax for the current financial year of between $160 million and $170 million at the annual shareholders’ meeting. The meeting was the last for Joan Withers since joining the board at its NZX listing 16 years ago, three of them spent as chair, to be replaced by Sir Henry …

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Sky TV sees profit growth of up to 13 percent in 2014, says new products in the pipeline

Sky Network Television, which received a warning from the antitrust regulator for potentially breaching competition law this month, sees annual profit rising as much as 13 percent in the current 2014 financial year, and is preparing to ramp up its foray into mobile and web-based delivery with new products in the pipeline. The Auckland-based pay-TV operator forecasts net profit of …

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NZ regional bank profits may come under pressure amid competition from bigger Australian rivals

New Zealand regional banks, which make up about 15 percent of the local market dominated by four large Australian lenders, may struggle to increase revenue in the coming year amid competition from their bigger rivals, Fitch Ratings says in a review of regional financial institutions. The nation’s regional lenders, including Kiwibank, Southland Building Society, Nelson Building Society, Wairarapa Building Society, …

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