NZ's Port of Tauranga posts 7% rise in full year net profit
Submitted by Kohia Dennison on Thu, 08/20/2009 - 14:41
Thursday saw New Zealand's Port of Tauranga Ltd posting a 7 percent rise in full year net profit. A net profit after tax of NZ$45.2 million ($30.5 million), for the year to June
30, was reported by the company - which is New Zealand's biggest export port - compared with NZ$42.1 million net profit figures last year.
A survey conducted by Reuters has found that analysts hoped to see a net profit of NZ$43.1 million.
A dividend of 16.5 cents per share was forwarded by the company, compared with 16 cents last year.
Approx sum of $400m paid by ING to frozen fund investors
Submitted by Manish Verma on Thu, 08/20/2009 - 14:39
A sum of nearly $398 million has been paid out by ING New Zealand to investors in its frozen Diversified Yield Fund (DYF) and Regular Income Fund (RIF). ING is also mailing letters confirming the payment over the next few days.
51% fall in Mainfreight’s Q1 profits
Submitted by Kohia Dennison on Thu, 08/20/2009 - 14:37
A drop of 51% in profits, to $4.02 million, has been reported by Transport Company Mainfreight, for the three months to June.
It was expressed by the company at its recent annual meeting that it has dealt with a difficult first quarter.
The company explained that it has achieved the latest profit on revenues of $261.67 million; a 9.5 percent drop on the revenues for the same period a year ago. A fall was noticed in operating earnings (ebitda) for the period by 29.2% at $11.72 million.
Downslide expected by Jade for 2009 financial year
Submitted by Omaka Nelson on Wed, 08/19/2009 - 13:49
A hike by 29% has been noted in Christchurch-based Jade Software's $1.77 million profit before tax for the half year to June 30, compared with the same period last year. Nonetheless, the company is predicting results for the full financial year to be down on 2008.
The company revealed that nearly 60% reduction has been reported by its European logistics customers in cargo movements. It added that its full year results would reflect unprecedented conditions in banking, finance and insurance.
New ANZ heads appointed by 3D Networks
Submitted by Omaka Nelson on Wed, 08/19/2009 - 13:46
It has appeared that Rod Taylor will take over as 3D Networks CEO for ANZ. Mr. Taylor, who has more than 25 years experience building sales and business support teams throughout Asia, said that he would mainly be ensuring that customer engagement is done in both a consultative and value-added manner.
Whopping $72m made by Goodman from its NZ Trust sale
Submitted by Manish Verma on Wed, 08/19/2009 - 13:43
Notable $72 million was made by Goodman Group from the partial sale of its interest in New Zealand, listed Goodman Property Trust (GMT or Trust).
The group sold 93 million units to several numbers of institutional investors at NZ$0.95 per unit. It was after the strong investor demand that the units were placed with a number of leading institutions.
With the sale, the interest of Goodman in the Trust is reduced to 17% from 28%.
