Business & People
Appointments, results, deals and the people leading the industry.
Big profit boost for Port of Tauranga
Port of Tauranga has recorded an impressive 13% after tax profit increase in its annual results. That equates to $94.3 million at the end of financial…
Colonial Motor Company profit soars
Prominent car and truck dealer Colonial Motor Company has boosted its annual after-tax profit to $24.75 million, up 12.5% on last year. Colonial has many new…
AHG reports ‘challenging’ year as profit falls
Automotive Holdings Group (AHG) is reporting a AU$22.9 million drop in profit for its latest annual result. It saw net profit after tax of AU$32.6m for…
Auckland Airport posts $650m profit
Auckland Airport has posted a net profit after tax of $650.1 million for the financial year. Total passenger numbers are up 5.7% to 20.5 million. Chairman…
Air NZ records second highest profit
Air New Zealand has posted a record $540 million profit before tax for the financial year. It’s the second highest result in the company’s history and…
Port Taranaki post $8.3m profit
Port Taranaki has reported a net profit of $8.3 million in the year to June 30 with booming log volumes. This is up 14.4% on the…
Fletcher Building posts $190m loss
Fletcher Building has reported a net loss of NZ$190 million for the year to June 30. This compares to an earnings of $94m in the same…
Warriors and Mazda join forces
Mazda is the Vodafone Warriors’ new automotive partner. The partnership will see the Mazda name emblazoned on the lower back of the Vodafone Warriors’ NRL playing…
Civil Contractors NZ awards hardworking firms
A major upgrade to Auckland’s water treatment plant in Mangere took top honours at the Civil Contractors New Zealand’s (CCNZ) national awards. A McConnell Dowell and…
Heartland posts ‘successful’ results
Heartland Bank is reporting a net profit after tax of $67.5 million for its latest financial year results. The bank, which offers deals in heavy commercial…