Sealord, New Zealand’s second-largest fishing company, reported a full-year profit that was dented by a charge against its Argentinian business, where a soaring peso and rampant inflation are driving up costs. Profit was $5.2 million in the 12 months ended Sept. 30, from $13.4 million in the corresponding 15 month period, according to the Nelson-based company’s annual report. Sealord’s holding …

Shares in the partial privatisation of state-owned power company MightyRiverPower are expected to be priced between $2.35 and $2.80, with uncertainty about the future of the Tiwai Point aluminium smelter expected to skew pricing to the bottom of that range. That means the government expects to raise between $1.6 billion and $1.9 billion in the politically unpopular initiative, which has …

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