Chief Information Officer, David Godfrey, resigns from NZX | NZ Market Update

NZX today announced that David Godfrey, Chief Information Officer, has resigned and will be leaving the company at the end of 2020.

Mr. David had entered the company in June 2009 through the M-co acquisition and became NZX Energy Services' IT Manager. He has held a range of IT leadership roles over more than 11 years of his tenure with NZX.

An executive recruitment firm, Hobson Leavy, is globally searching to appoint his successor. The Technology Committee of NZX will participate in the selection process. • Sep 29, 2020 | 12:48 PM | NZDT

SMW Group Reports Substantial Increase in NPAT

For the year ended 30 June 2020, SMW Group Limited (NZX:SMW) reported total revenue of A$66.622 million, up by 29.51% Y-o-Y. EBITDA and NPATA also recorded strong growth and registered growth of ~103% and ~3967%, respectively. NPAT of the company increased from a loss of -A$303,000 in FY19 to a profit of A$2.909 million in FY20. The company has also changed its balance date from 31 March to 30 June. • Sep 29, 2020 | 12:47 PM | NZDT

IKE Witnesses Momentum in Second Half

ikeGPS Group Limited (NZX:IKE) was classified as “essential business” in the USA as it supported critical infrastructure development and maintenance, despite Q1FY21 substantially impacted by COVID-19 due to lockdowns across North America. However, in Q2FY21, the company is witnessing some return of momentum for orders and sales pipeline. Orders for Q2FY21 are expected to be about $3 million, which is above the FY20 run rate levels.

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