Some stocks were resilient. Chorus put in a steady $52m profit, and raised the possibility of higher dividend payouts in the future.
Freightways suffered a 25 per cent decline in its net profit and scrapped its final dividend for the first time since listing in 2003
Meridian's operating earnings lifted by 2 per cent to $854 million in the June year but the company faces uncertainty with the planned closure of Tiwai Point.
Elsewhere, the prospects of improvement, and the resumption of dividend payouts, buoyed honey exporter Comvita and NZ Herald publisher NZME, who also issued results this week.
Results to date:
Refining NZ went $186.4m into the red over the first half to June 30 due to sharply lower margins and throughput.
Summerset Group's bottom-line profit plummeted 99 per cent from last year's $92.6 million to just $1m.
NZX said its net profit shot up by 40.9 per cent to $9.1m in the six months to June 30, reflecting a significant increase in demand for capital and an unprecedented lift in share trading during the Covid-19 lockdown.
Precinct Properties' operating income rose in the past year but net profit after tax fell due to devaluations from the pandemic, particularly on big inner-city Auckland office blocks.
Contact Energy said its net profit fell by 26 per cent to $125m in the year to June, due in part to lower wholesale power prices.
Vital Healthcare, a hospital, healthcare and medical property specialist, said its net profit fell 37 per cent to $58m.
Mercury Energy has kept the faith with thousands of its mum and dad investors by eking out an increased final dividend for the June year and predicting another increase in the payout in year ahead.
Fletcher Building won't pay a dividend and executive bonus packages were cut to zero after all divisional revenue and operating earnings fell in the last year.
Michael Hill said its full-year profit plunged more than 80 per cent as the Covid-19 pandemic forced its stores to remain closed between five and 13 weeks.
A2 Milk said its net profit hit a record $385.8 million in the June year but the company has a problem; what to do with its cash mountain.
Genesis Energy said its earnings fell due to poor hydro conditions, but the company slightly increased its dividend despite the uncertainty posed by the planned closure of the Tiwai Point aluminium smelter.
Auckland Airport said its net profit plunged 63 per cent to $193.9 million. Chairman Patrick Strange said the past six months have been the most challenging of the airport's 54-year history.
EBOS the Australasian distributor of healthcare, medical and pharmaceutical products, posted a net profit after tax of A$162 million, up 18 per cent.
Skellerup said its net profit came to $29.1 million in the June year, level with the previous year's, despite Covid-19 disruption.
Chorus confirmed once it puts the capital-intensive UFB rollout behind it in a couple of years, free cash flow will increase - and the majority of it will be paid in dividends.
Freightways said disruption arising from the Covid-19 means that it will not pay a final dividend for the first time ever.
Comvita after years of underperformance, says it has turned the corner.
NZME has boosted its interim net profit and underlying earnings despite revenue taking a hit from the impacts of Covid-19.
Meridian said its operating earnings - ebitdaf - rose 2 per cent to $854 million in the June year, driven by record generation and retail sales growth in New Zealand and Australia.
Metlifecare said property revaluations reflecting valuer caution due to Covid-19's economic impact drove it to a bottom-line loss of $33.7 million.
Spark reported across-the-board full-year growth despite the pandemic scare - but also warned that Covid-19 could hit harder next year.
Scales reported net profit of $27.8 million for the six months to June 30, significantly down on the $121.8m for the same period a year ago.
Air New Zealand does not expect passenger demand to return to last year's level until 2023 at the earliest and it faces continued losses next year. The airline has reported a 264 per cent hit to after-tax profit to record a loss of $454 million in the year to June 30 - and that included more than seven months of largely normal operations. The loss is its first in 18 years.
NZ King Salmon has held operating earnings within guidance despite its sales revenue falling by 50 per cent during the level 4 lockdown response to Covid-19.
Vista shares allied sharply despite the company going deeply into the red over the first half. Non-cash credit charges and credit provisions of $36.1m and the impact of Covid-19 drove Vista to a loss for the six months to June of $43.2 million - a 1154 per cent deterioration.
Port of Tauranga posted group net profit of $90 million and increased container volumes, despite the pandemic storm that lashed global shipping and trade in the final months of its financial year.
Delegats posted an almost $61 million net profit after tax in the 12 months to June 30 - a new record following a record $50.8m posted a year earlier.
Cannasouth said its operating loss widened in the six months to June 30 but the company said its result was in line with its business plan.
Coming up next
Sept 3
Sky City
Sept 4
Property for Industry (half year)
Sept 8
Briscoe Group
Sept 10
Sky TV
Sept 17
Heartland
Sept 18
Tourism Holdings
