UK MAIL GROUP PLC (UKM. LN) the mail and logistics services company reported a 63% leap in first-half pretax profit. The company mentioned that trading till date in the second half of the year has been as per the company's expectations.
UK Mail the post and parcels' company linked the profits to the rise in internet shopping which pushes up demand for home delivery.
Kathmandu Holdings Ltd which is an outdoor clothing and Equipment Company says sales seen during the initial 16 weeks of the financial year were in accordance with expectations, nearly up 1% to $70.9 million.
The company has warned saying that conditions in Australia stay challenging for discretionary retail categories, but that it is well positioned to deal with the environment.
The service station chain Z energy, floated by Infratil and the New Zealand Super Fund in August has been able to lift its profit margin in its maiden result as a listed company, even with selling less fuel because of record retail prices.
The company's share of the petrol market fell to some extent during the six months though its share of the diesel market rose slightly during the latest six month period.
There seems to be no relief for Chorus as its shares plunged almost 8.4 per cent today to $2.12 - the lowest point since it listed on the NZX in 2011.
Tuesday saw the prices going down by 6.84 per cent where as it dropped by another 5.5 per cent yesterday, closing at $2.315
It has proved to be a bad year for Postie Plus Group, which is considered to be performing the worst on the New Zealand stock exchange.
According to the retailer its losses stretched to $13.2 million in the 12 months ended August 4, from a Sept. 27 estimate of $11.6 million, and a $180,000 loss a year earlier.
A record profit of more than $3.5 billion was made collectively by the four most important banks of New Zealand.
ANZ, Westpac, ASB and BNZ together fetched profits of more than 9 per cent on 2011/12 - a boost of $303 million.
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