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Rakon back to profit
Rakon

Rakon back to profit

Rakon returns to profit with a USD $3.2 million net gain after closing its UK plant and shifting production to India and NZ, despite doubling its debt.

By Pattrick Smellie • 2 min read • Thu, 21st May 2015
Anzco posts weaker 2014 profit after taking control of Five Star Beef
Silver Fern Farms

Anzco posts weaker 2014 profit after taking control of Five Star Beef

Anzco Foods, New Zealand's third-largest meat company, said profit halved in 2014, a year in which it bought out shareholder Itoham Foods' half stake.

By Pattrick Smellie • 2 min read • Tue, 31st Mar 2015
Windflow narrows 1H loss, says new financing needed
Licensing

Windflow narrows 1H loss, says new financing needed

Windflow Technology, the unprofitable wind turbine manufacturer, narrowed its first-half loss but says it will need to borrow from its shareholders an.

By Pattrick Smellie • 2 min read • Fri, 13th Mar 2015
Woosh narrows annual loss as accounts tagged by auditor
4G technology

Woosh narrows annual loss as accounts tagged by auditor

Woosh Wireless's financial statements have been tagged by its auditor as the internet service provider narrowed its annual loss by clamping down on co.

By Pattrick Smellie • 3 min read • Wed, 11th Mar 2015

Stories from Other Regions

NZ government turns to $269 mln deficit in 8 months to February
Government

NZ government turns to $269 mln deficit in 8 months to February

The New Zealand government turned to a deficit in the first eight months of the financial year, although the shortfall was smaller than forecast as th.

By Pattrick Smellie • 2 min read • Fri, 10th Apr 2015
Fishing company Sanford looks to lay off 232 Christchurch staff
Government

Fishing company Sanford looks to lay off 232 Christchurch staff

Sanford, New Zealand's largest listed fishing group, is in consultations with 232 staff who look likely to lose their jobs at the company's Christchur.

By Pattrick Smellie • 3 min read • Thu, 9th Apr 2015
Veritas says failure of four Mad Butcher franchisees 'coincidence of timing'
Veritas

Veritas says failure of four Mad Butcher franchisees 'coincidence of timing'

Veritas Investments, the food and beverage investor, has responded to media reports about the financial health of its Mad Butcher brand by saying the.

By Pattrick Smellie • 2 min read • Tue, 7th Apr 2015
F&P Appliances see records surge in global sales, narrows full-year loss
Taxation

F&P Appliances see records surge in global sales, narrows full-year loss

Fisher & Paykel Appliances narrowed its full-year loss in 2014 after sales growth across all its markets helped drive a surge in revenue.

By Pattrick Smellie • 3 min read • Thu, 2nd Apr 2015
F&P Appliances records surge in global sales, narrows full-year loss
Fisher & Paykel Finance

F&P Appliances records surge in global sales, narrows full-year loss

Fisher & Paykel Appliances, the Auckland-based manufacturer and consumer credit company owned by China's Haier Group, narrowed its full-year loss in 2.

By Pattrick Smellie • 3 min read • Thu, 2nd Apr 2015
NZ dollar may sink to 70 US cents in 2015 on resurgent greenback: BusinessDesk survey
Health Technologies

NZ dollar may sink to 70 US cents in 2015 on resurgent greenback: BusinessDesk survey

The New Zealand dollar may extend its decline against the greenback this year, on increased signs the Federal Reserve will lift interest rates from a.

By Pattrick Smellie • 4 min read • Mon, 30th Mar 2015
MARKET CLOSE: NZ shares rise as Fonterra Fund rebounds from low
Unified Communications

MARKET CLOSE: NZ shares rise as Fonterra Fund rebounds from low

NZ shares climbed as the NZX 50 Index rose 0.4%, led by Fonterra's rebound from a record low, while Hallenstein Glassons surged 6.5% on robust profit figures.

By Pattrick Smellie • 3 min read • Fri, 27th Mar 2015
MetService expects FY earnings to drop on delay in inking new MoT contract
Metservice

MetService expects FY earnings to drop on delay in inking new MoT contract

Meteorological Service of New Zealand, the state-owned weather bureau, says annual earnings will be $2 million less than estimated because of delays f.

By Pattrick Smellie • 2 min read • Thu, 26th Mar 2015
Kiwi company Milmeq wins innovation award after doubling export revenue in two years
NZTE

Kiwi company Milmeq wins innovation award after doubling export revenue in two years

Milmeq, which designs, engineers and manufactures systems for primary food processing, has doubled export revenue in the past two years.

By Pattrick Smellie • 5 min read • Thu, 26th Mar 2015
Allan Gray reduces stake in APN News & Media
GrabOne

Allan Gray reduces stake in APN News & Media

The Australian fund that helped force a boardroom shakeout at APN News & Media has reduced its stake in the group after earlier selling down its holdi.

By Pattrick Smellie • 2 min read • Tue, 17th Mar 2015
Lion NZ full-year profit falls 6.3% as drinkers seek quality over quantity
Lion

Lion NZ full-year profit falls 6.3% as drinkers seek quality over quantity

Lion - Beer, Spirits & Wine (NZ) Ltd , which has 46 percent of the New Zealand market and is owned by Japan's Kirin Holdings, is making less money in.

By Pattrick Smellie • 3 min read • Mon, 16th Mar 2015
Airways 1H earnings fall 36% as new businesses miss forecasts, costs rise
Government

Airways 1H earnings fall 36% as new businesses miss forecasts, costs rise

Airways Corp of New Zealand, which is in charge of the nation's air traffic control, posted a 36 percent decline in first half profit as its investmen.

By Pattrick Smellie • 3 min read • Fri, 13th Mar 2015
Callaghan quizzed by MPs over 'failures,' grants to foreign companies
Government

Callaghan quizzed by MPs over 'failures,' grants to foreign companies

Callaghan Innovation, the government backed innovation hub, faced questions this week from opposition MPs about why it had funded companies that subse.

By Pattrick Smellie • 4 min read • Thu, 12th Mar 2015
Foley Family Wines turns first half profit as sales grow
Sales

Foley Family Wines turns first half profit as sales grow

Foley Family Wines, majority owned by American businessman and vineyard owner Bill Foley, posted a first-half operating profit as sales increased 14 p.

By Pattrick Smellie • 2 min read • Wed, 11th Mar 2015