Business & People
Appointments, results, deals and the people leading the industry.
CentrePort reports $11.9m half-year profit
Wellington’s CentrePort has reported a net profit of $11.9 million for its half-year results. The result is up $7.2 million from the previous corresponding period. Operating…
Tourism Holdings half year profit down 23%
Tourism Holdings Limited (THL) has reported a 23% decline in first half net profit to $17.5 million after a “challenging” vehicle sales market in the USA…
Geemac Trading appoints new sales member
New Zealand commercial vehicle supplier Geemac Trading has appointed Callum McKendry to its Geemac and Isringhausen sales team. Callum is the son of Gordon and Jan…
NZTA appoints regulatory manager
The NZ Transport Agency has appointed Kane Patena to its newly created role of regulatory general manager. NZTA chairman Michael Stiassny says Patena was the outstanding…
Ports of Auckland results reflect ‘difficult’ period
Ports of Auckland has seen a negative impact on half year results due to construction and capacity issues. Total revenue is up 2.5% to $123.6 million…
Fonterra increases milk price forecast
Fonterra has increased its 2018/19 forecast Farmgate Milk Price range to $6.30-$6.60 per kilo of milk solids (kgMS), up from $6.00-$6.30, and revised its forecast earnings…
Air NZ profit drops, cargo up
Air New Zealand is reporting an $80 million drop in net profit after tax for its half year result. The company posted $152m net profit after…
Video: Electronic park brake wins Top 20 award
https://www.youtube.com/watch?v=mzEgP8lVNCw The Bendix electronic park brake for heavy trucks has been named one of the top 20 product innovations of 2018. Intellipark prevents roll-away crashes by…
Strong half-year result for Christchurch Airport
The growth of international passengers combined with strong cost control sees Christchurch Airport reporting an increased interim result for the six months of July to December…
Freightways posts $33.4m half year profit
Freightways has reported net profit after tax of $33.4 million, up 6.3% for its half year result. Total revenue is up 7.7% to $314.8m for the…