Business & People
Appointments, results, deals and the people leading the industry.
Scania NZ opens new branch in Rotorua
Scania NZ has opened a new service centre branch in Rotorua. The site is located at 12 Allen Mills Road with a new team ready to…
NZ Post delivers $27m half year profit
NZ Post has announced a net profit after tax of $27 million for the half year with record-breaking volumes of parcels. Its operating profit was $9m…
Heartland boosts profit, considers separating vehicle finance business
Major automotive lender Heartland Group has posted net profit after tax of $44.1 million for its half year result, up $4.2m on the same period last…
Scania appoints Christian Levin as new CEO
Christian Levin The Scania board of directors has appointed Christian Levin as the new chief executive and president of the company starting from May 1. Levin…
Freightways first half revenue up 29%
Freightways has grown revenue 29% to $410.4 million for the six months to December 31. Its net profit after tax was down 25% to $21.9m but…
TIL Logistics returns to profit with $2.7m first half result
TIL Logistics Group is reporting improved trading across the majority of its divisions with an overall increase in revenue, earnings and profit for the six months…
TRT appoints new TIDD crane dealer in South Australia
New Zealand-based heavy equipment manufacturer Tidd Ross Todd Limited (TRT) has appointed Routleff Motor Bodies Pty Ltd (RMB Service Group) as the new TIDD Crane dealer…
Colonial Motor Company half year profit up 58%
Jim Gibbons Major car and truck dealer Colonial Motor Company has boosted its half year trading profit after tax to $12.7 million, up 58% on the…
NZ Automotive Investments applies to list on NZX
https://www.youtube.com/watch?v=it-lAJP5Z6g&feature=emb_title A day after announcing its reorganisation and intention to list on the NZX, 2Cheap Cars owner NZ Automotive Investments has confirmed it expects to debut…
Hydrogen truck firm Hyzon Motors to go public in $2.7b merger
Hydrogen fuel cell truck manufacturer Hyzon Motors is set to become a publicly listed company on the Nasdaq through a $US2.7 billion merger agreement. The New…