Friday 1st September 2000
|Text too small?|
Guinness Peat Group reported a June first half net profit of £10.6 million ($36.1 million), down from £106.4 million ($362 million) a year ago, when profit was swelled by the disposal of investments. No investments were sold this year.
ASB Bank's June-year operating profit was $150.1 million (1999 $117.3 million). It cited higher market share and expansion into new activities.
Telecommunications operator Newcall posted a $4.3 million June first-half loss on revenue of $8 million. It had 24,300 customers.
New Zealand Rural Property Trust reported a $6.4 million June-year profit (1999 $3.3 million), citing better prices, favourable weather and the lower dollar.
Rural services company Wrightson reported a June-year profit of $7.5 million (1999 $9.3 million loss), citing group-wide earnings improvements and lower costs.
Reid Farmers posted a $4.6 million June-year profit, up from $4 million in 1999, and forecast further progress this year.
Shotover Jet's June-year net profit was $484,000, down from last year's $2.7 million. It blamed an accident, floods, the weather, a disappointing start to the millennium and the Fiji coup.
Evergreen Forests lifted its June-year profit to $5.1 million (1999 $3.1 million), citing increased harvesting and sales in response to better log prices.
Ravensdown Fertiliser Co-operative posted a $22.4 million May-year profit, down from $24.2 million after paying a higher rebate.
Clear Communications lost $30 million for the March year but said it was back in profit in the current year.
Air New Zealand's June-year net earnings fell 13.2% to $186.1 million on lower abnormal gains while the trading profit rose 33.6% to $177.9 million.
Builder McConnell Dowell posted a $A14.0 million ($18.4 million) June-year profit, down from $A19.3 million a year ago.
Port of Tauranga's June-year profit was a record $19.6 million (1999 $18.1 million).
Carpet maker Cavalier boosted its June-year profit to $13.1 million, up from $10.6 million a year ago.
Fletcher Challenge showed a sharp rise in group profit to $382 million, up from $101 million in the previous year. The net profit for Energy was $261 million (1999 $55 million), Building $63 million (1999 $23 million), and Forests $81 million (1999 $55 million).
No comments yet
NZ dollar rises as US-China trade, Brexit tensions ease
SkyCity shares hit 7-week low as fire encapsulates convention centre
Wrightson showcases Fruitfed Supplies as horticulture stands out
Fonterra rivals fear dairy giant will get leg up from law overhaul
Wellington Drive remains in the black as it raises operating forecast
OMV plans further maintenance at Pohokura
Sky continues sports drive with extension to netball rights
Apple's asset-shuffling puts $270m value on PowerbyProxi
Fonterra lifts payout forecast on improving global dairy prices
22nd October 2019 Morning Report