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Business

Turnaround on track at Comvita

Comvita (NZX:CVT) today announced that for the six-month period ending 31 December 2020, it returned to profitability with net profit after tax (NPAT) reported as $3.5M versus a $12.97M loss in the prior corresponding period (PCP).

Air New Zealand positions itself for success

Air New Zealand has today announced a loss before other significant items and taxation of $185 million [1] for the six-month period ended 31 December 2020, reflecting the considerable impact of the Covid-19 pandemic on the airline and global aviation industry.

Genesis delivers strong first half EBITDAF of 217 million

Strong retail margins and lowered fuel costs help to offset reduced hydro inflows and challenging gas market conditions

Fonterra narrows 2021 earnings guidance

Fonterra Co-operative Group Limited today announced it has lifted the bottom end of its 2021 forecast earnings guidance and narrowed the range to 25-35 cents per share, from 20-35 cents per share.

IU Charging raises 200K plus in first 3 days of 2mil campaign

New Zealand tech startup IU Charging publicly launched their equity crowdfunding campaign yesterday at 6pm NZDT. Since their private launch on Monday, they have raised over $200,000 of a $500,000 minimum target. They aim to raise up to $2 million.

NZ businesses must take environmental action - The Warehouse Group

New Zealand is now world-leading with its climate legislation, but businesses must continue to burden as much responsibility as government in driving transformation to decarbonize our economy, David Benattar, the chief sustainability officer of The Warehouse Group says.

First group of Air New Zealanders to receive vaccine

Among the Kiwis prioritised to receive the first batches of COVID-19 vaccines are 3,800 Air New Zealand front-line workers, some of whom will receive their first vaccination tomorrow.

Porter Novelli bolsters leadership team with high-profile corporate affairs hire

Porter Novelli, New Zealand’s leading public relations firm, has today announced the appointment of Amber McEwen to the position of Executive Director to support continued growth.

Tech turn around - CMC Markets

By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)

Methanex decision disappointing for Taranaki - PEPANZ

The mothballing of a Methanex plant at Waitara Valley is disappointing for the workers, their families and Taranaki, according to the Petroleum Exploration and Production Association of New Zealand (PEPANZ).