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Turners & Growers posts $18.9m loss on orchard write-downs, takeover costs
Turners & Growers has posted an $18.9m annual loss due to write-downs in orchard values, a tax write-off and takeover costs.
Shares a mixed bag as results season heats up
New Zealand shares were mixed yesterday, with as many gaining stocks as decliners on the NZX 50 Index. Port of Tauranga rose after posting record first-half earnings while Fletcher Building extended its decline after profit missed its guidance.
Vector earnings up 6.9pc, court battles dominate agenda
Vector profits for the first half of the financial year rose 6.9 per cent, despite revenue growth of just 0.8 per cent.
Contact profits tumble 19pc as low hydro lakes bite
Profits for the first half of the year have slumped at Contact Energy, the stock exchange's largest energy company.
Goodman Fielder, Westpac lead sharemarket lower
New Zealand shares fell, led by foodmaker Goodman Fielder and Australian lender Westpac after they posted results that disappointed some investors.