Friday 22nd November 2002 |
Text too small? |
Start-up winemaker Waipara Hills lost $1 million in the 10 months to June, $135,000 more than the prospectus projection, because of extra costs incurred during a delayed startup. It said 2003 volumes might be lower than projected because of bad weather.
Transport operator Mainfreight more than doubled its September first half profit, to $2.51 million, on improved performances from New Zealand, Australia, Asia and the US. It said the third quarter was going well, reflecting a strong local economy and further improvement overseas.
State-owned coal miner Solid Energy posted a $38.1 million June-year profit, up from $6 million a year ago, on sales up 21% to $264 million. The company delivered the last of its loss-making foreign exchange hedges and repaid to the government the $42 million loan advanced in 1999.
Contact Energy and Genesis Power have asked the Commerce Commission to clear competing bids for Natural Gas Corporation's Stratford power station. Contact also applied for clearance to buy NGC's Cobb station.
Talley's Fisheries granted ANZ Bank a guarantee/put option for a loan to meat processor Affco, of which Talley's owns 26.4%. The Stock Exchange's market surveillance panel granted Affco a waiver from the listing rules, under which the deal is a material transaction with a related party.
AMP foreshadowed write-offs of $A1.2 billion ($1.35 billion) as it confronted problems in its British operations. Rating agency Standard & Poor's put the company on creditwatch negative.
No comments yet
NZAS Sign Long Term Contracts
Amended - IFT230 Maturity and Exchange for IFT350
Synlait forecast milk price update
Chorus submits 2023 fibre regulatory report
Infratil Infrastructure Bond Exchange Offer opens
May 31st Morning Report
NZAS and Mercury sign long-term agreement, creating opportunity for future investment in renewables
Meridian and NZAS sign long term contracts
ArborGen Holdings Results for Year Ended 31 March 2024
BAI - Full unaudited results to 31 March 2024