Friday 27th September 2002 |
Text too small? |
Williams & Kettle posted a steady $7.1 million July-year profit and said it was considering a buyback of up to 10% of its shares. Adjusting for one-offs, the result was 19% higher than the previous year.
Shell New Zealand sold a 10% stake in the Maui gas field to Austria's OMV for an undisclosed sum, reducing its interest to 77.5%. It also sold OMV its 49% share of the Maari exploration permit.
Sales of hotels and shares in beverage firm Fraser & Neave helped BIL International post a $10.4 million profit, the first for three years. Revenue fell to $11.7 million, from $245.1 million a year ago, because the company sold subsidiaries whose results it had previously consolidated.
The New Zealand Stock Exchange reported a $515,000 loss for its last year as a mutual organisation. Revenue of $10.3 million was made up of listing fees (23%), transaction and membership fees (40%) and information revenues (24%). Exchange members professed surprise that CEO Mark Weldon's incentive package could give him a 5% stake over four years.
No comments yet
ASB workers to strike as bank proposes an effective pay cut
Rising tides, sinking stocks: study explores cost of climate change
May 2nd Morning Report
AGL - Change in Senior Management
Devon Funds Morning Note - 01 May 2024
Rick Christie to step-aside as a non-executive director
CHI - New customer contract to upgrade Marsden Point
Synlait announces changes to Board of Directors
May 1st Morning Report
Devon Funds Morning Note - 30 April 2024