NZCity NewsLinks -

All Links

25 Feb 2021

Search

Auckland company fined $400,000 for deceiving 'highly vulnerable' people in false home savings scheme
An Auckland company has been fined $400,000 for a "carefully crafted scheme" that targeted "vulnerable" low-income home buyers. Home Funding Group Limited (HFG), which is currently in liquidation, was convicted on two charges under...

Comvita back in black, sees return to dividends
Manuka honey exporter Comvita returned to profit in the first half, driven by growth in its China and North America markets.The company's net profit came to $3.5 million in the six months to December, compared with a $12.97m loss...

NZ Windfarms Limited (NZX: NWF) Interim Report and Results Announcement H1 FY2021
NZ Windfarms Limited’s has met expectations for the half year and affirms guidance for the full year. Financial performance has been solid for the half year with EBITDAF of $3.2m (HY20 $5.0m) but down on the record set in the prior period

Reserve Bank ordered to consider housing in decision-making
Reserve Bank order 'first step' in considering how to cool the housing market, Grant Robertson says.

Solution Dynamics Limited (NZX: SDL) 1H FY2021 Financial Results and Interim Dividend
Solution Dynamics Limited produced an unaudited net profit after tax of $1.45 million for the half year, a year-on-year increase of 209%. The Directors have declared an interim dividend of 7.0 cents per share (1H FY2020 3.0 cents), fully imputed

Precinct Properties New Zealand Limited (NZX: PCT) Quality Portfolio Delivers Strong First Half Result
Precinct expects its full year normalised results to be consistent with earlier guidance provided. Full year FY21 AFFO and Dividend remains at 6.50 cps, representing a 3.2% increase to shareholders

Air New Zealand Limited (NZX: AIR) 2021 Interim Results
Air New Zealand has today announced a loss before other significant items and taxation of $185 million for the six-month period ended 31 December 2020, reflecting the considerable impact of the Covid-19 pandemic on the airline

Auckland woman 'left in limbo' by delays to $100 million apartment complex
Johanna McIntosh was told the apartment she bought off the plans would be finished in 2018. She's still waiting to move in.

'Stark but not surprising': Covid-hit Qantas announces $1 billion loss
Qantas has revealed the latest damage bill stemming from the coronavirus pandemic, announcing an eye-watering net loss of A$1.03 billion (NZ$1.1b). On Thursday morning, Australia's major airline posted the billion-dollar loss, a...

Cavalier Corporation Limited (NZX: CAV) Preliminary FY21 Half Year Result
CAV has reported a strong year on year uplift in profitability as it benefits from higher woollen carpet sales, the sell down of its synthetic carpet stock as it exits the non-wool sector and the gain from the Auckland property sale and leaseback

Govt to enable early KiwiSaver access for some life-shortening conditions
People with Down syndrome and other conditions will be able to withdraw their savings early from KiwiSaver under new rules.

Restaurant Brands New Zealand Limited (NZX: RBD) Full Year Results Announcement
Combined store EBITDA (pre NZ IFRS 16) for the period was $147.3 million, up 27.0% on the previous 44 week period. On an equivalent 12 month basis, EBITDA was up over 7.5% or $10.3 million

Comvita Limited (NZX: CVT) Turnaround on Track at Comvita
Comvita maintained full year guidance of an EBITDA range of NZD $20-$23M in the period ending 30 June 2021. Comvita also reaffirmed its intention to resume dividend payments following delivery of its full year guidance

Covid 19 coronavirus: Millions paid out two days into new business support scheme
By Kate Gregan of RNZ New Zealand businesses have already received more than $6,580,000 under the Government's latest Covid-19 support scheme.The Resurgence Support Payment was only made available to employers on Tuesday this...

Restaurant Brands posts encouraging full-year earnings
Restaurant Brands increased its annual profit by 2.8 per cent in the year to December.The owner of KFC, Pizza Hut, Carl's Jr and Taco Bell restaurants in New Zealand, Australia, Hawaii and California, posted a $30.9 million net...