Infrastructure
UPDATE: Port of Tauranga lifts annual profit 6.7% on record cargo volumes
(Updates with special dividend details from 6th paragraph and details of cargo trends from 9th paragraph) By Jenny Ruth Aug. 28 (BusinessDesk) - Port of Tauranga lifted annual net profit 6.7 percent on record cargo volumes with sales rising 10.4 percent. Net profit for t...
Genesis underlying profit up 16% on improved retail earnings
By Gavin Evans Aug. 28 (BusinessDesk) - Genesis Energy reported a 16 percent increase in underlying full-year profit, with improved retail earnings offsetting a flat performance from its generation arm and weaker oil production from its Kupe interests. The country’s biggest...
MARKET CLOSE: NZ shares recover; demand for yield boosts Meridian, Spark
By Paul McBeth Aug. 27 (BusinessDesk) - New Zealand shares recovered some of yesterday's decline as the demand for reliable income boosted yield stocks such as Meridian Energy and Spark New Zealand. Tourism Holdings gained after confirming annual profit beat guidance. The...
No revisiting of exploration ban in govt resource strategy
By Gavin Evans Aug. 27 (BusinessDesk) - The government’s draft 10-year strategy for minerals and petroleum emphasises the importance of gas for energy security and as a transition fuel to a low-emissions economy, but says the ban on exploration won’t be revisited. The 42-pa...
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