Rangatira, the investment company in Wellington today announced its interim result for the six months to 30 September 2013. The company bought a cornerstone stake in beer company Tuatara Brewing this year. It reported a tenfold jump in first-half profit after selling its stake in engineering service firm Contract Resources and its direct holding in accounting software developer Xero.
Slow sales growth in China prompts German fashion house Hugo Boss (BOSSn. DE) to abandon its 2015 profit targets.
The luxury goods industry in recent years have been doing extremely well in China, but a decline in economic growth along with a crackdown on bribery, has affected demand this year.
Tower, posted a 38 per cent fall in full-year profit even as it booked a gain from the sales, as expenses moved ahead of revenue.
The company sold its health, life, and investment units to become a pure general insurer.
The company state a 38% fall in statutory net profit of $34.2 million for the 12 months to September as compared to nearly $56 million the previous year.
The Auckland-based company Sealegs Corp has posted a greater first-half loss as lesser prices for its amphibious boats cut into margins.
The company made a loss of $604,000 in the six months which ended September 30, as compared to a loss of $134,000 in the same period of the previous year. Sales rose 10 per cent to $8.4 million.
Fisher & Paykel Healthcare, the company which manufactures breathing masks and respirators, has reported a boosted first-half profit at 34 per cent. It reported growth in both its major product lines and confirmed its expectations for more annual earnings growth.
The company's profit rose 34% to $44.5 million for the six months to September, compared with the same period last year.
Ryman Healthcare the elder care provider has booked a record half yearly profit lifting an underling turnover of 22 percent to $58.5 million.
People have great expectations from its expansion into Australia and its extension of aged care and retirement living in Melbourne.
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