WEL Network buys Infratec and how Services Industries remains the biggest contributor to NZ’s GDP

  • November 24, 2020 11:51 PM NZDT
  • Team Kalkine

WEL Networks Limited, an electricity distributor, has inked a conditional agreement to purchase NZ ventures of Infratec from Alpine Energy Limited. Infratec focuses on large solar photovoltaic cells and battery solutions, and it also provides ground-breaking energy solutions in the New Zealand and Pacific regions.

Arvida Reports Strong Growth in Operating Cash Flow

For the six months ended 30 September 2020, Arvida Group Limited (NZX: ARV) reported revenue of $86.2 million, up by 8% Y-o-Y, and operating cash flow of $52.9 million, up by 74% Y-o-Y. The company settled a $79.2 million sales of occupation right agreement, with $36.7 million of new sales and $42.5 million of resales.

* Services Industries Remains the Biggest Contributor to NZ’s GDP

The goods-producing industry holds the second position, with a total contribution of 19% in the share of the economy.

 


Disclaimer
The website https://kalkinemedia.com/nz is a service of Kalkine Media New Zealand Limited (Kalkine Media), Company Number: 8107196. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK