Business & People
Appointments, results, deals and the people leading the industry.
TIL reports $4m profit for half year
TIL Logistics Group has posted $4 million net profit after tax for its first full half year report as a listed company. Total sales revenue was…
Refining NZ profit shaken 62% by shutdown
Refining NZ’s full maintenance shutdown has significantly impacted net profit after tax (NPAT), down 62% to $29.6 million for its full year results 2018. Its previous…
Oil and gas ban shows $28b blow to economy
Last year’s oil and gas exploration decision could cost the New Zealand economy $28 billion by 2050, according to a new study by the New Zealand…
LDV EV80 wins EVtalk Commercial EV of the Year award
This story first appeared in the february issue of Transporttalk – CLICK HERE to download the magazine FREE The LDV EV80 has been named Commercial EV…
KiwiRail on track with strong results
A boost in freight volumes and progress since the Kaikoura earthquake has seen KiwiRail grow revenue 12% to $328.8 million year-on-year. Its operating surplus is 7%…
Heartland announces half-year results
Heartland Group Holdings (Heartland) has reported a net profit after tax of $33.1 million for the six months ending 31 December 2018. This is an increase…
Auto Super Shoppes appoints new CEO
Auto Super Shoppes has appointed Jonathan Onyzskeiwics as new chief executive. He is taking over from current boss Kellie Tremayne and starts the new role on May…
Fuso NZ expands Canter package
Fuso NZ is boosting its light truck range with additional safety features to the popular Canter model. Passenger-side airbag and a new seven-inch touchscreen compatible with…
Maintenance dents South Port profit
South Port is reporting a 7.1% drop in net profit after tax for its half year results due to increased repairs and maintenance. The Bluff port…
Truckometer shows ‘half-hearted’ bounce in January
The ANZ Truckometer heavy traffic index rose 3.5% month-on-month for January signalling “modest” fourth quarter GDP growth. This was a gain of around half its falls…