REPORTING CALENDAR - AUGUST 2022
It is the time of August reporting season when investors wait for corporate New Zealand to release their results and outlook for the upcoming year.
New Zealand's economy went through a difficult period with border closures and the Ukraine-Russia standoff. The inflation also peaked at 7.3% leading to cost escalations for many companies. Labour shortages impacted almost all industries with companies forced to increase their wages, leading to wage inflation as measured by the Labour Cost Index (LCI). Business confidence is at an all-time low and residential house prices are fast approaching the largest correction in half a century.
Investors expect a subdued earnings season as companies grapple with new economic uncertainties. Analysts have pulled back their growth forecasts since the last major reporting season in February, signaling a delay in economic recovery which hurts company profits.
However, with a bounce back from the COVID-19 pandemic, certain industries are likely to perform better than others.
Amid this new economic environment, we've put up the August reporting calendar to assist you in making better decisions while scanning the performance of various NZX-listed companies.
Kalkine's reporting calendar offers analysts, traders, and consumers a clear picture of the company's upcoming reporting dates and performance expectations.
Date | Company Name | NZX Code | Reporting period | Business Outlook |
---|---|---|---|---|
29-Aug-22 | Vista Group Internationa | VGL | HY22 | Vista Group expects revenue for the full year to 31 December 2022 to be in the range of NZ$118million -NZ $123million |
29-Aug-22 | Restaurant Brands New Zealand LTD | RBD | HY22 | While the current trading conditions for the New Year remained strong across all divisions, due to uncertainities arising from the ongoing COVID-19 pandemic, it did not provide any firm guidance for FY22 |
31-Aug-22 | Harmoney Corp Limited | HMY | FY22 | Based on solid results in FY21, the group expects its Pro-forma loan book of at least NZ$600 million, which is a 20% growth on FY21 (20%+ growth on FY21) and a 16 % growth in revenue. |