Financial Year (FY) Stories - Page 6

Global Stories

Financial Year (FY) stories

Chorus expects lower UFB build costs this year after signing new contracts

Chorus, the regulated telecommunications network operator, expects cheaper costs for the roll-out of its ultrafast broadband network in the current.

By Pattrick Smellie • 3 min read • Tue, 25th Nov 2014

Sales

Countdown posts 1.1% rise in 1Q sales as new stores openings offset weaker prices

Countdown saw a 1.1% boost in 1Q sales to NZD $1.5 billion, driven by new store openings, while comparable sales dipped 0.1% amid flat prices.

By Pattrick Smellie • 2 min read • Mon, 3rd Nov 2014

Unified Communications

Data focus helps Vocus record 'significant' financial results

Vocus Communications reports strong FY2014 results with net profit up 53% to $13.6m and revenue up 38% to $92.3m.

By Staff Writer • 2 min read • Fri, 29th Aug 2014

Chief Financial Officer

Will Rakon shift UK operations to NZ?

Rakon has advised employees of its UK subsidiary Rakon UK Limited, of its intent to enter consultation for a proposed closure of its British plant.

By Staff Writer • 1 min read • Thu, 20th Feb 2014

Stories from Other Regions

Financial Year (FY) stories

Health Technologies

UPDATE: Ryman posts 13% gain in 1H earnings, on track for FY target of 15% increase

Ryman Healthcare, New Zealand's largest listed retirement village builder and operator, posted a 13 percent gain in underlying first-half profit an.

By Pattrick Smellie • 3 min read • Fri, 21st Nov 2014

Sales

Warehouse affirms forecast for higher 2015 profit even amid softer trading

Warehouse Group, New Zealand's largest listed retailer, affirmed its expectation for a rise in annual earnings even as sales lag behind forecast he.

By Pattrick Smellie • 2 min read • Fri, 21st Nov 2014

Argosy Property lifts first-half profit 25% on occupancy boost, divestments

Argosy Property Fund lifted first-half earnings 25 percent as New Zealand's fourth-largest listed property investor boosted its occupancy rate and.

By Pattrick Smellie • 2 min read • Wed, 19th Nov 2014

NZX

Pacific Brands sells unprofitable footwear, sports apparel business

Pacific Brands, the Australian apparel and linen brands business, has split and sold Brands Collective, its unprofitable footwear and sporting appa.

By Pattrick Smellie • 3 min read • Tue, 18th Nov 2014

UPDATE: IkeGPS shares jump on distribution contract with Stanley Black & Decker

Shares of IkeGPS climbed 11 percent after the remote measuring device developer signed a manufacturing and distribution deal with Stanley Black & D.

By Pattrick Smellie • 2 min read • Tue, 18th Nov 2014

All Blacks

Rest home operator Arvida to raise $80 million in IPO

Arvida, the retirement village operator formerly known as Hercules, has issued a prospectus for an initial public offer to raise $80 million for a.

By Pattrick Smellie • 3 min read • Mon, 17th Nov 2014

BurgerFuel more than doubles 1H earnings on store openings

BurgerFuel Worldwide, the NZAX-listed fast food chain, more than doubled first-half earnings as it opened seven new stores in the period, lifting s.

By Pattrick Smellie • 3 min read • Wed, 12th Nov 2014

Unified Communications

David Kirk's tech fund to raise A$40 million on ASX to invest in NZ, Aus tech

David Kirk, chairman of Trade Me Group and Kathmandu Holdings, is seeking to raise A$25 million to A$40 million in an initial public offer on the A.

By Pattrick Smellie • 2 min read • Thu, 6th Nov 2014

Capital Management

MightyRiverPower to pay special dividend

MightyRiverPower, the first of the state-owned power companies to be partially privatised last year, will pay a special dividend to shareholders af.

By Pattrick Smellie • 2 min read • Wed, 5th Nov 2014

Supply Chain

Restaurant Brands pays $10.5M to take over operation of Carl's Jr burger chain in NZ

Restaurant Brands New Zealand, the nation's largest fast food operator, agreed to buy seven Carl's Jr stores owned and operated by Forsgren NZ for.

By Pattrick Smellie • 2 min read • Wed, 5th Nov 2014

AMP Capital

NZ Super Fund ends AMP Capital's 12-year mandate

The New Zealand Superannuation Fund, which was set up to partially fund the cost of a ballooning baby boomer pension bill, has ended a 12-year mand.

By Pattrick Smellie • 2 min read • Mon, 3rd Nov 2014

Fintech

Westpac NZ margins squeezed by shift to fixed rate mortgages, increased rivalry

The switch from floating to fixed interest rates mortgages has impacted Westpac New Zealand's net interest margin,which fell six basis points in th.

By Pattrick Smellie • 3 min read • Mon, 3rd Nov 2014

PwC

Pyne Gould shares resume trading after filing late annual report

Shares of Pyne Gould Corp, which is controlled by managing director George Kerr, have resumed trading after filing its late annual report, which wa.

By Pattrick Smellie • 3 min read • Mon, 3rd Nov 2014

Cloud Services

JB Hi-Fi NZ sales edge up despite market-wide tablet sales decline

JB Hi-Fi reports slight sales growth in New Zealand, with total sales rise of 5.3% across Australia and New Zealand.

By Staff Writer • 2 min read • Tue, 12th Aug 2014

Revenue down $77 million at HP New Zealand

HP New Zealand reports a 12% drop in revenue, falling USD $77 million year-on-year, despite maintaining similar gross profit margins.

By Staff Writer • 1 min read • Tue, 8th Apr 2014

Apple

CompNow buys $20m Apple Reseller DesignWyse

CompNow expands Australian Apple market presence with $20m purchase of DesignWyse, adding a fourth Victorian office and strengthening its product offerings.

By Sean Mitchell • 2 min read • Fri, 22nd Nov 2013