Archive for the 'Article' Category

Smartpay profit falls as Aussie customer quits on cab deal

Article – BusinessDesk

Smartpay profit falls 9.5% as foray into Aussie cab market costs it major contract

By Paul McBeth

May 29 (BusinessDesk) – Smartpay Holdings, the listed payment terminal supplier, reported a 9.5 percent drop in annual profit after its decision to sell directly to Australia’s taxi industry cost it a major wholesale contract. Read more »

Dorchester Property investors vote bid to dump manager

Article – BusinessDesk

Dorchester Property unitholders turn down a bid to dump manager

By Fiona Rotherham

May 29 (BusinessDesk) – Unitholders in the Dorchester Property Trust have rejected a resolution from one of the investors to dump the manager of the hotel investor which was spun out five years ago from the financier and insurer formerly known as Dorchester Pacific and since renamed Turners. Read more »

UPDATE: F&P Healthcare says earnings will increase this year

Article – BusinessDesk

UPDATE: F&P Healthcare says earnings will increase further this year

(Adds investor comment starting in fifth paragraph, updates shares) Read more »

UPDATE: F&P Healthcare says earnings will increase this year

Article – BusinessDesk

UPDATE: F&P Healthcare says earnings will increase further this year

(Adds investor comment starting in fifth paragraph, updates shares) Read more »

Sealegs FY loss widens on restructuring costs, impairments

Article – BusinessDesk

Sealegs annual loss widens on restructuring costs, impairments

By Paul McBeth

May 29 (BusinessDesk) – Sealegs Corp, the amphibious vehicle maker whose founder had to step in fill the vacant chief executive position last November, reported a wider annual loss in the latest financial year as an overhaul of the business resulted in restructuring costs and impairments. Read more »

NZ building consents fall in April, apartment permits soar

Article – BusinessDesk

NZ building consents fall in April, while apartment permits soar

By Suze Metherell

May 29 (BusinessDesk) – New Zealand building consents fell in April, after the previous month’s strong gain, as intentions to build houses decreased, while apartment permits climbed on the back of demand in Auckland for affordable housing. Read more »

Cooperative Bank lifts annual profit 24% on expanding loans

Article – BusinessDesk

Cooperative Bank lifts annual profit 24% on expanding loan book, fatter margins

By Paul McBeth

May 29 (BusinessDesk) – The Cooperative Bank, formerly known as PSIS, lifted annual profit 24 percent for a second year as it continued to expand its loan book, reduce bad debts, and fatten margins. Read more »

Veritas slashes profit guidance by 19% as Nosh stalls

Article – BusinessDesk

Veritas slashes annual profit guidance by 19% as Nosh turnaround struggles

By Suze Metherell

May 29 (BusinessDesk) – Veritas Investments, the food and beverage investor, has slashed its full year profit guidance 19 percent, blaming a slower than expected turnaround in its gourmet supermarket chain, Nosh Food Market, and tighter drink-driving legislation weighing on its Better Bar Company unit. Read more »

F&P Healthcare beats annual profit forecasts

Article – BusinessDesk

F&P Healthcare beats annual profit forecasts, says earnings will increase further this year

By Tina Morrison

May 29 (BusinessDesk) – Fisher & Paykel Healthcare, the medical device maker, beat its forecast for annual profit and said earnings would rise further in the coming year. Read more »

NZ dollar little changed vs. greenback on Fonterra forecast

Article – BusinessDesk

NZ dollar little changed vs. greenback after Fonterra forecast

By Paul McBeth

May 28 (BusinessDesk) – The New Zealand dollar was little changed against the greenback after Fonterra Cooperative Group’s forecast 2016 payout largely met expectations, and gained against the Australian dollar after Australian capital expenditure disappointed investors. Read more »

Reserve Bank unlikely to cut OCR next month: Westpac

Article – BusinessDesk

Reserve Bank unlikely to cut OCR next month, line-ball on cut this year, Westpac says

By Anna Lu

May 28 (BusinessDesk) – The Reserve Bank isn’t likely to cut the official cash rate at its review on June 11 and may not see scope to cut rates Read more »

John Bongard flags November departure from Meridian board

Article – BusinessDesk

John Bongard flags November departure from Meridian board

By Suze Metherell

May 28 (BusinessDesk) – John Bongard will resign as a director of Meridian Energy, the government controlled energy generator and retailer, after four years on the board. Read more »

ERoad posts annual loss as sales miss prospectus forecast

Article – BusinessDesk

ERoad posts annual loss as sales miss prospectus forecast, shares fall

By Suze Metherell
May 28 (BusinessDesk) – ERoad, the electronic road user charges and transport services company, posted a full-year loss in its maiden annual report as a public company, while sales missed its prospectus forecast. Read more »

Pushpay FY loss widens as pushes to grow US faith sector

Article – BusinessDesk

Pushpay annual loss widens as it invests to grow in US faith sector

By Tina Morrison

May 28 (BusinessDesk) – Pushpay Holdings, whose mobile payment app is helping churches raise money from parishioners, widened its annual loss even as sales surged and it invested in future growth. Read more »

RESEND: Gentrack first-half profit rises by a third

Article – BusinessDesk

RESEND: Gentrack first-half profit rises by a third; flags risk of not meeting full-year prospectus forecast

(Fixes and updates share price in last graph) Read more »

Apartments not yet covered by Auckland Council fast-tracking

Article – BusinessDesk

Apartment buildings not yet covered by Auckland Council’s fast-tracked consenting

By Paul McBeth

May 28 (BusinessDesk) – Auckland Council efforts to widen the range of properties eligible for a new fast-track resource consent processes haven’t yet extended to building apartments, even though the Reserve Bank sees high-rises as key to easing the housing shortage in New Zealand’s biggest city. Read more »

Argosy profit drops after returning to tax paying position

Article – BusinessDesk

Argosy profit drops 25% after returning to tax paying position, rental income rises

By Suze Metherell

May 28 (BusinessDesk) – Argosy Property reported a 25 percent drop in annual profit, while its rental income rose, as the listed property investor returned to a tax paying position for the first time in four years and paid more interest. Read more »

AWF posts 37% jump in FY profit as companies hire more staff

Article – BusinessDesk

AWF posts 37% jump in full-year profit as companies hire more staff

By Fiona Rotherham

May 28 (BusinessDesk) – AWF Group, the country’s largest recruiter and labour provider, posted a 37 percent rise in full-year profit, with the 2013 purchase of recruitment firm Madison Group fully reflected in its results for the first time. Read more »

Gentrack 1H profit rises by a third; flags risk to FY profit

Article – BusinessDesk

Gentrack first-half profit rises by a third; flags risk of not meeting full-year prospectus forecast

By Fiona Rotherham
May 28 (BusinessDesk) – Gentrack, which develops utilities and airports software, said first-half profit rose by a third, but warned full-year earnings may miss its prospectus forecasts because of delays in inking contracts. Read more »

Listed craft brewer Moa trims losses while ramping up sales

Article – BusinessDesk

Listed craft brewer Moa reduces losses while ramping up sales

By Fiona Rotherham

May 28 (BusinessDesk) – Moa Group, the listed boutique beer maker, has cut its annual loss by 5 percent and boosted sales by nearly a third in its latest financial results. Read more »

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