Vector, the Auckland-based electricity, gas and telecommunications network operator, lifted net profit 2.3 percent, missing estimates, as its technology unit bolstered sagging earnings from traditional energy revenue streams. Net profit rose to $203.3 million, or 20.4 cents per share, in the 12 months ended June 30, from $198.8 million, or 20 cents, a year earlier, the company said in a …

By Pam Graham The amalgamation of councils in Auckland has worked so well it should be a template for the rest of New Zealand, the lobby group for infrastructure companies says. New Zealand Council for Infrastructure Development (NZCID) chief executive Stephen Selwood pushed for reform of councils in regions at the Local Government New Zealand conference in July and he …

Auckland International Airport aims to grow earnings by up to 11 percent next year in a four-pronged plan that includes a coordinated effort to attract Asian visitors to New Zealand and develop the gateway’s land bank into the country’s “greatest” business hub. android teen spy app The airport is forecasting underlying earnings of between $160 million and $170 million in …