Qantas Airways resumes dividends after 7 years; posts record 2016 profit
By Fiona Rotherham Aug. 24 (BusinessDesk) - Australia’s biggest airline, Qantas Airways, will resume paying dividends after a seven-year hiatus following a A$1.03 billion full-year net profit after tax, up 80 percent on the prior year and the best in its 95-year history. Th...
F&P Healthcare to 'vigorously contest' what's likely to be lengthy IP legal spat
By Fiona Rotherham Aug. 23 (BusinessDesk) - Lewis Gradon, managing director of medical devices maker Fisher & Paykel Healthcare, says it will “vigorously contest” what’s expected to be a lengthy tit-for-tat intellectual property dispute with American rival ResMed. ResMed fi...
Ports of Auckland delivers $54M dividend to council owner despite revenue drop
By Fiona Rotherham Aug. 23 (BusinessDesk) - Auckland Council will receive a $54.3 million dividend from Ports of Auckland after the city's port operator announced a lift in full-year profit despite even as revenue fell with container volumes. The payout, up $12.6 million on...
Car dealer Colonial Motors boosts trading profit 18% as car sales rise
By Fiona Rotherham Aug. 19 (BusinessDesk) - Colonial Motor Company, which owns motor vehicle dealerships nationwide, posted a record underlying profit of $19.2 million as the nation's new vehicle industry hit the highest ever level of sales. Trading profit for the year ende...
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