F&P Healthcare profit grows 26%
F&P Healthcare profit grows 26%
Record revenue and after-tax profits have been reported by Fisher and Paykel Healthcare, which is surging ahead after an almost 20% boost to its research and development spending.
Simon Hartley
Supply pinches Comvita performance
Supply pinches Comvita performance
Strong Asian and New Zealand honey sales were dampened for health product company Comvita, following supply constraints, high prices and the strength of the New Zealand dollar.
Growth costs seen as risk
Growth costs seen as risk
Questions are emerging about the heady success of cloud accounting company Xero as further huge expansion costs come at the expense of profitability.
Purchase eases Comvita's supply constraints
Purchase eases Comvita's supply constraints
Listed natural health company Comvita has paid $12.3 million for Timaru-based New Zealand Honey Producers Co-operative, which should ease recent supply constraints.
Xero's loss up but outlook strong
Xero's loss up but outlook strong
Cloud-based accounting company Xero posted its eighth consecutive annual loss yesterday, but revenue grew more than 80% and paying customers have surpassed 300,000 to date.
Price decline puts focus on dairy debt
Price decline puts focus on dairy debt
The extent of massive dairy debt is again attracting the attention of the Reserve Bank and economists, amid expectations the seasonal payout is set to take a hit.
Xero growth news expected
Xero growth news expected
Sharemarket darling, online cloud-based accounting company Xero - which is yet to post a profit - is expected to give a detailed account of growth prospects when it releases its full-year results tomorrow.
Doubt over $11m owed to unsecured creditors
Doubt over $11m owed to unsecured creditors
Unsecured creditors caught up in the $57 million receivership of Southern Cross Forest Products are owed almost $11 million, but it is unclear if funds will be available for them.
'Significant financial impact' to NZAS
'Significant financial impact' to NZAS
Tiwai Point owner New Zealand Aluminium Smelters (NZAS) has delivered a warning it is still scrutinising the plant's ''ongoing commercial competitiveness'', as it considers appealing an Employment Court ruling against it.
Contract exit costs bite into profits
Contract exit costs bite into profits
Extraction from a management contract with Commonwealth Bank of Australia has cost Kiwi Income Property Trust $52.3 million, with its full-year after-tax profit down 7.7%, from $109.8 million to $101.3 million.
NZAS considering appeal grounds
NZAS considering appeal grounds
Tiwai Point operator New Zealand Aluminium Smelters (NZAS) is reviewing ''the implications'' of an Employment Court decision, upholding a ruling that it must pay $19 million to workers shortchanged over 23 years of lieu day entitlements.
Import changes could hit Fletcher
Import changes could hit Fletcher
The Government's axing in the Budget of duties on imported building materials could put Fletcher Building's bottom-line under pressure from increased offshore competition.
Ryman lifts profit 40%
Ryman lifts profit 40%
Ryman Healthcare has delivered a more than 40% gain in after-tax profit, to $195 million, as strong demand continues for its expanding retirement village holdings.
Otago manufacturing leads
Otago manufacturing leads
Otago manufacturing data continues to lead the countryas all regions are still in expansion mode, but all showed some cooling in overall activity during April.
October trial for Milne
October trial for Milne
The trial date for fraud charges brought against disgraced former Dunedin lawyer John Milne has been moved from June to October, understood to be because of pressure on court times in Christchurch.
Z Energy expected to 'deliver' in report
Z Energy expected to 'deliver' in report
Analysts are picking Z Energy's first full-year financial report will comfortably come in above its prospectus guidance range, with after-tax profit up on the previous year.
Stray bullet in deck 'scares the hell out of me'
Stray bullet in deck 'scares the hell out of me'
A stray bullet found embedded in a deck could have had fatal consequences.
Improvement in shareholder profits expected
Improvement in shareholder profits expected
A positive outlook for the coming reporting season should deliver improved profits and earnings per shares for investors, Forsyth Barr broker Andrew Rooney says.
New house listing prices increasing
New house listing prices increasing
Average asking prices for new house listings in April continued to rise above those a year ago, with Auckland posting a 12% rise to a consecutive record high of $685,426.
Approval for seabed mining of ironsand
Approval for seabed mining of ironsand
A decision sure to anger environmentalists has been released by government permitting agency New Zealand Petroleum and Minerals (NZP&M), which has granted Trans-Tasman Resources a 20-year permit to extract ironsand from the seabed off Taranaki's coast.