Business & People
Appointments, results, deals and the people leading the industry.
NZ Post delivers $32m profit
NZ Post has recorded a full-year net profit after tax of $32 million, a $26m increase compared to the prior year. The strong earnings are a…
CODA Group appoints new boss
Deena Clarkson New Zealand logistics provider CODA Group has appointed Deena Clarkson to the role of chief executive. Clarkson commenced her role on August 30 and…
US investment firm to buy Ritchies Transport
Ritchies Transport is set to be sold to US-based global investment company KKR. The companies did not disclose the deal value which was made through KKR's…
AT awards new $1b rail operator contract, union seeks new agreement
Britomart Train Station, Auckland City, 07 March 2020 Auckland Transport has appointed a new operator for the city’s rail services with a contract worth around $130…
THL posts $14.3m loss, vehicle sales up
Tourism Holdings Limited (THL) has posted a net loss after tax of $14.3 million for its full-year result, down $34.3m on the year prior. Operating revenue was…
Move Logistics posts $900k profit, business review underway
Transport group Move Logistics has posted net profit after tax of $900,000 for its full-year result. The company says it reflects an inflationary environment, significant project…
Air NZ reports $440m loss, cargo revenue up 71%
Air New Zealand has announced a loss before other significant items and taxation of $440 million for the 2021 financial year. It marks the airline’s first full…
Emissions reduction collaboration gets award nomination
https://www.youtube.com/watch?v=xijac_FKvpU&t=23s The BusinessNZ Energy Council (BEC) and the Energy Efficiency and Conservation Authority (EECA) have been nominated as finalists in the Outstanding Collaboration category for the…
Napier Port Q3 profit up 33.7% with strong log exports
Napier Port has grown net profit 33.7% to $7.9 million for its third quarter result driven by increases in bulk cargo volumes and strong log exports. Revenue…
Freightways posts full-year $49.6m profit
Freightways has posted a net profit of $49.6 million, up 4.8% for the 12 months to June 30. The result included an extra provision for the…