Business & People
Appointments, results, deals and the people leading the industry.
Tourism Holdings posts $22.8m first-half profit
Tourism Holdings has more than doubled its first-half net profit in its latest results. The New Zealand company, the world’s largest recreational vehicle (RV) rental business…
Air New Zealand reports $232m interim profit
Growth in short-haul flights and trips across the Tasman and Pacific are factors in Air New Zealand’s strong interim $232 million after tax profit. The half-year…
O’Connor Warren celebrates five years
This story first appeared in the February issue of Transporttalk – CLICK HERE to download the magazine FREE Specialist transport and trucking insurance brokerage O’Connor Warren wants…
CMC profits jump
The Colonial Motor Company’s half-yearly after tax profit to December 31 has jumped 15.9% to $11.9 million. Growth in heavy truck sales and volume from its…
Gough Group appoints new chief executive
Liz Ward has been appointed Gough Group chief executive. She takes up the role on March 12 and will be based initially in the group’s Hornby…
Revenue up, profit down for Freightways
New Zealand company Freightways is reporting increased revenue but lower profit in its half year results. The report to December 31 shows overall operating revenue for…
Fletcher Building faces financial fallout
Fletcher Building chairman Sir Ralph Norris is stepping down in light of the firm’s heavy financial downgrades. The business recently announced a further $486 million in…
Rainbow truck celebrates pride
Firth Concrete and Fletcher Building have partnered to “loudly and proudly celebrate” the Auckland Pride Festival. The companies are primary sponsors of this year’s event which…
Infratil weighs up NZ Bus investment
Publicly listed infrastructure investor Infratil is reviewing its investment in NZ Bus. NZ Bus is the country’s largest public transport operator with around 650 modern buses…
South Port posts $4.9 million first-half earnings
Weather conditions have led to solid results for New Zealand’s southernmost commercial deep water port. Bluff’s South Port New Zealand has reported $4.9 million in earnings…