The New Zealand dollar pared its decline during the local session as exporters took advantage of the strengthening greenback to ramp up their hedging with a cheaper entry point. The kiwi increased to 82.13 US cents at 5pm from 81.88 cents at 8am, down from 82.90 cents yesterday. The trade-weighted index fell to 77.13 from 77.46 yesterday. New Zealand’s currency …

WF Group, the contract labour firm, more than doubled annual profit after selling its Panacea Healthcare unit and will return most of the $2.24 million proceeds to shareholders via a special dividend. Net profit climbed to $6.9 million, or 26.5 cents per share, in the 12 months ended March 31, from $2.6 million, or 10 cents, a year earlier, the …

Goodman Property Trust, which is managed by a unit of ASX-listed Goodman Group, recorded the first increase in the value of its portfolio since 2008, adding to accounting adjustments that contributed to a 92 percent jump in annual profit. The portfolio includes a revaluation gain of $4.2 million, following a devaluation of $19.5 million a year earlier. The value of …