Sharechat Logo

Week in review

Friday 7th November 2003

Text too small?
State-owned generator Meridian Energy reported a June first-half $26.3 million profit before one-offs, down from $83 million a year ago. It blamed high wholesale prices during last autumn's shortages.

Biotechnology company Blis Technologies is looking to raise $3.1 million through a one-for-two rights issue after posting a $1.4 million September first half loss. It said it was changing its stance from development of products such as Throat Guard to offshore marketing.

Fisher & Paykel Appliances is splitting its share capital four-for-one. The split will leave 261 million on issue.

Ohio Public Employees Retirement System notified a 7.29% stake in Fletcher Challenge Forests, which is considering two offers for its forests.

Payment solutions company Cadmus Technology reported September first quarter earnings before interest, tax, depreciation, and amortisation of $403,000 on revenue of $3.4 million. The results were down on earnings of $700,000 and revenue of $4.1 million a year ago.

Telecom signed a five-year eftpos enhancement partnership with Electronic Transaction Services Ltd. ETSL is owned by ASB Bank, Bank of New Zealand, National Bank and Westpac.

Air New Zealand reported a 19% jump in domestic passengers carried in September over the same month a year ago, vindicating its Express Class strategy. Revenue passenger kilometres were up 20%.

Strong advertising demand helped lift CanWest New Zealand's August-year earnings before interest, tax, depreciation, and amortisation 85% to $39 million. TV3 earnings jumped from $1.4 million to $21 million but the C4 music channel lost $7 million.

Fishing company Sanford will celebrate its 100th birthday in February by paying a 20c special dividend. It said its 13-month full-year profit would be at least 20% higher than last year's $37 million.

Infrastructure investor Infratil's September first-half earnings before interest, tax, depreciation, and amortisation rose 41% to $29.06 million. Realised investment gains were $1.9 million, down from $20 million a year ago, resulting in a 36% lower $12.5 million bottom line gain.

State-owned air traffic controller Airways posted a $6.8 million June-year profit, down from $7.5 million a year ago

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Stuff pulls pin, ending big media companies' joint ad-buying business
NZ dollar rises on mild improvement in sentiment
APRA, RBNZ give ANZ Bank a headache over capital
Lack of fuel competition may be costing $400m annually - ComCom
Lack of fuel competition may be costing $400m annually - ComCom
UPDATE: Mercury earnings fall less than expected on geothermal offset
Napier Port jumps 12% on NZX debut following oversubscribed public offer
Moody's sees pressure on NZ banks' profitability
Competition watchdog proposes breaking wholesale stranglehold on petrol supply
FIRST CUT: Mercury earnings fall less than expected on geothermal offset

IRG See IRG research reports