Tenon, the wood mouldings company, said it may return to profit this year as a pickup in the US housing market stokes demand for building products. The shares soared 16 percent. Operating profit before finance costs would be between zero and US$1 million in the year ending June 30, from a loss of US$8 million a year earlier, the company …

Moa Group, the boutique beer maker which raised $16 million in a float last year, reported a bigger loss on an earnings before interest, tax, depreciation and amortisation basis than was flagged in its prospectus as it spent more on marketing. Including the five months before Moa was listed, the Auckland-based company made an EBITDA loss of $3.61 million in …

PGG Wrightson managing director George Gould will step down from New Zealand’s biggest rural technology and services firm after helping refocus the company. Gould previously headed Pyne Gould Guinness and was appointed to the top job at the larger company in February 2011 to help stabilise it as it exited non-core activities. He will leave Aug. 31, the Christchurch-based company …