My Food Bag reported lower results for 1HFY23 compared to IHFY22. It reported a drop in revenue by NZ$4 million over the previous corresponding period (PCP). According to MFB, net profit after tax was also lower by almost NZ$3.5 million over the PCP.
hannel Infrastructure’s updated FY23 guidance reflects the Producers Price Index (PPI). The company now expects revenue to be in the range of NZ$125-NZ$128 million Channel also updated its EBITDA guidance to NZ$82-NZ$86 million
New Zealand saw an increase in international tourists in September. According to Stats NZ, the figures are below the pre-COVID levels. Of late, the international visitors have been non-New Zealand residents
New Zealand’s Flexi-wage program has supported over 20,000 people into jobs. It has been an important tool for helping businesses in getting the right people. Maoris and Pacific workers are prominent beneficiaries of this plan.
Card spending continues to grow in New Zealand, as per Stats NZ. Retail spending was the highest, up NZ$66 million or 1%, in October. Non-retail sector spending was up NZ$ 22 million.
Food prices have recorded their biggest jump in 14 years. Food prices were up 10.1% in 2022 compared with the previous year. Grocery items were the largest contributor to the price movement.
Manawa Energy announced a net profit after tax of NZ$391 million. Manawa reported a downtrend in all its key metrics. The company stated that it will focus on developing its solar and wind energy projects.
New Zealand government has decided to extend its childcare assistance to more families More than 10,000 children will get assistance to go to school or pre-school. The move may cost the exchequer NZ$189.4 million.
Building consents for multi-unit homes are increasing in New Zealand. In 2022, 50,732 homes were consented to, according to Stats NZ. Out of these consented homes, 55% were townhouses and apartments.
21% of Kiwi households were prepared for natural disasters like earthquakes and floods, said a Stats NZ report The report added that 13% of households were completely unprepared for natural disasters.