Napier Port (NZX:NPH) reports drop in profits in FY22

Napier Port announced its full-year results on the NZX today. It reported an increase in revenue by 4.6%, but an 11% drop in net profit. The company says that FY22 was a successful year for its strategic goals.

Mainfreight (NZX:MFT) posts HY revenue growth of 32%; shares fall

Mainfreight has reported a profit growth of 66%. The company expects the decline in sea freight rates to impact the performance of its Air and Ocean division. Mainfreight expects to release its full-year results in May 2023.

Westpac New Zealand’s (NZX:WBC) profits rise 12%

Westpac announced its FY22 results today (7 November). It is the second big bank after ANZ to announce profits.

Scales Corporation (NZX: SCL) buys stake in Meateor and Fayman

Scales announced today (1 November 2022) that it had completed its investment in two companies. Scales picked up a 33% interest in Meateor and 50% interest in the Australian operations of Fayman International. According to Scales, these investments will e

Why is Auckland Airport (NZX: AIA) in news these days?

Auckland Airport launched its retail bonds on 25 October 2022 Book building for the bonds closed on 27 October These bonds were quoted on the NZX Debt Market

Restaurant Brands (NZX:RBD) reports 32% sales growth in Q3

Restaurant Brands reports a sales jump of 32% in the third quarter Sales growth was seen after COVID-19-related restrictions were removed In the quarter, RBD added 20 more stores

How are these travel stocks performing on NZX?

With all travel restrictions removed, the market participants are expecting the travel industry to rebound in FY23 The travel industry witnessed challenges in FY22 The companies in this sector are gearing up for FY23

Heartland Group (NZX: HGH) confirms NPAT forecast for FY23

Heartland expects NPAT guidance to remain in the same range as advised earlier It expects NPAT to be between NZ$109 million to NZ$114 million in FY23 In FY22, it clocked an NPAT of NZ$95.1 million

Which are NZX-listed banks in New Zealand?

New Zealand has 3 main banks listed on the NZX The big banks have been resilient to the current economic environment According to recent reports, NZ banks are well-positioned for interest rate hikes

Why is Cooks Coffee Company (NZX:CCC) in news these days?

CCC announced private placement to new investors today The company also spelt out its expansion plans in the UK CCC says it expects 10% growth in store numbers by the end of 2022