Property for Industry, which doubled in size following a merger, posted an 8.8 percent increase in first-half rental income and said profit was lifted by non-cash valuation changes and a smaller tax bill. Profit rose to $11.87 million in the six months ended June 30, from $7 million a year earlier, the Auckland-based company said in a statement. Sales rose …

Synlait Milk, the Rakaia-based milk processor which listed last month, says its infant formula products haven’t been caught up in Fonterra Cooperative Group’s botulism scare, and doesn’t expect any long-term impact on its own business. non prescription cialis The company hasn’t used any whey protein concentrate WPC80 that has been recalled by Fonterra and the Ministry for Primary Industries, though …

The New Zealand dollar slumped on concern a food contamination scare at Fonterra Cooperative Group, the nation’s largest dairy company, will hit exports. The kiwi fell to a month low of 76.99 US cents, and recently traded at 77.15 US cents from 78.31 cents at the New York close and 78.87 cents at the 5pm market close in Wellington on …