Business & People
Appointments, results, deals and the people leading the industry.
South Port’s full-year profit down 37% amid weak forestry and agriculture trade
South Port has posted a total net profit of $7.3 million for its full-year result, down 37% from $11.7m the year prior. The NZX-listed bluff-based port…
Port of Tauranga underlying profit falls 12.8%
Port of Tauranga is reporting an underlying group profit of $102.7 million for its full-year result, a 12.8% decrease compared with $117.1m the previous year. Group…
Colonial sees full-year profit down 41%, heavy trucks ‘perform well’
Colonial Motor Company has posted a trading profit after tax of $17.88 million for its preliminary financial year results to June 30, down 41% on the…
Port of Auckland lifts annual profit to $55.2m
Port of Auckland has delivered a stronger than expected annual result, posting an underlying net profit after tax (NPAT) of $55.2 million, driven by revenue growth…
NZ’s top infrastructure projects celebrated at national awards
Winning infrastructure construction companies are celebrating following the presentation of the 45th Civil Contractors New Zealand Hirepool Construction Excellence Awards, with projects including high-voltage cables, scenic bridges, emergency transport maintenance and major motorways taking top honours.
Move Logistics appoints interim CEO
Move Logistics Group has appointed Paul Millward as interim chief executive, effective from September 4. Millward was most recently chief executive of NZX-listed 2 Cheap Cars…
Freightways posts $70.9m full-year profit, believes economic lows have passed
Freightways has posted a net profit after tax of $70.9 million for the FY24 year with the transport and logistics firm reporting tough economic conditions on…
Reserve Bank lowers OCR to 5.25%
The Reserve Bank of New Zealand (RBNZ) has reduced the official cash rate (OCR) to 5.25%, saying it is tempering monetary restraint as inflation converges on…
Truckometer: Heavy traffic recovers from June fall
The ANZ Truckometer light traffic index lifted 1.5% month-on-month in July while the heavy traffic index recovered from much of its June fall, rising 6.1%. “The…
NZTA board appointments announced
Simeon Brown Transport Minister Simeon Brown has announced three new appointments and one reappointment to the New Zealand Transport Agency (NZTA) board. Warwick Isaacs, Rob Gilmore…