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Category : RNZ business

Covid-19 hammers THL earnings

August 26, 2021 by RNZ Business Headlines

Tourism and campervan company Tourism Holdings’ full year earnings have been hammered by the pandemic.
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Posted in News, RNZ business.

Genesis profit down more than quarter

August 26, 2021 by RNZ Business Headlines

Genesis Energy’s full year profit is down more than a quarter as rising costs eroded gains in revenue.
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Posted in News, RNZ business.

Kiwibank reports $126m net profit with strong lending growth

August 26, 2021 by RNZ Business Headlines

Kiwibank has bounced back from its Covid-19 lows, more than doubling its profit from last year.
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Posted in News, RNZ business.

Rocket Lab closes below issue price on Nasdaq debut

August 26, 2021 by RNZ Business Headlines

The New Zealand space company had a downbeat debut on the specialist technology Nasdaq stock exchange.
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Posted in News, RNZ business.

Some small firms have ‘incredibly low’ cash reserves

August 26, 2021 by RNZ Business Headlines

Some small businesses have exhausted almost all their cash reserves over the past 18 months, and haven’t been able to rebuild them.
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Posted in News, RNZ business.

Construction staff and supply shortages: ‘Very challenging times’ – BDO

August 26, 2021 by RNZ Business Headlines

The construction sector needs a rethink as challenges posed by the pandemic place the future of some firms at the risk of failure.
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Posted in News, RNZ business.

Dan Huggins to become Bank of New Zealand chief executive

August 25, 2021 by RNZ Business Headlines

Dan Huggins, the BNZ’s current executive for customer, products, and services, will replace Angie Mentis in October.
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Posted in News, RNZ business.

Meridian Energy underlying profit hit by lake levels, Tiwai Point

August 25, 2021 by RNZ Business Headlines

Meridian Energy’s underlying profit has fallen sharply as low lake levels hit generation, and earnings from Tiwai Point aluminium smelter – its biggest customer – fell.
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Posted in News, RNZ business.

SkyCity Casino reports improved full-year profit

August 25, 2021 by RNZ Business Headlines

Casino operator SkyCity has reported an improved full-year profit, but revenue was knocked by intermittent Covid closures and it’s already counting the cost of the current lockdown.
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Posted in News, RNZ business.

House resale profits hit record high

August 25, 2021 by RNZ Business Headlines

A CoreLogic report shows median gain on resales stands at $347,000, but it indicates the strong profits won’t last forever.
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Posted in News, RNZ business.
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