Latest State Owned Enterprises Headlines

SFO charges MightyRiverPower engineer with $2 mln fraud

Tue, 2 Sep 2014 14:56:34 +1200 | BusinessDesk

Sept. 2 (BusinessDesk) - The Serious Fraud Office has charged a MightyRiverPower engineer of fraudulently issuing invoices totalling $2 million. More >>

KiwiRail; another year older and deeper in debt

Mon, 1 Sep 2014 16:49:59 +1200 | New Zealand Alliance Party

That is a lot of money and there are lessons that need to be learnt before we pour in another $1 billion. More >>

Strong LPC Financial Result Supports Port Redevelopment

Fri, 29 Aug 2014 17:16:37 +1200 | Lyttelton Port of Christchurch

Lyttelton Port of Christchurch (LPC) is focused on building a solid future for the Company and its stakeholders. It is in a strong financial position to fund the Port’s redevelopment. The Company had good volume growth and has produced a solid financial ...More >>

CORRECT: TVNZ lifts annual profit 25% on flat ad revenue

Fri, 29 Aug 2014 15:06:33 +1200 | BusinessDesk

Aug. 29 (BusinessDesk) - Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television.More >>

KiwiRail loss widens to $248M as talks on its future resume

Fri, 29 Aug 2014 12:55:26 +1200 | BusinessDesk

Aug. 29 (BusinessDesk) - KiwiRail, the unprofitable government-owned rail operator, has turned a net loss of $248 million for the year to June 30, as crippling annual writedowns on the value of its assets continued, despite total investment by the ...More >>

KiwiRail Annual Results 2014 Information

Fri, 29 Aug 2014 12:29:23 +1200 | KiwiRail

• 2014 was a challenging year for KiwiRail. Leading into it, the company had had steady growth in the three years prior. More >>

Auckland Council Group finances go from strength to strength

Fri, 29 Aug 2014 11:58:21 +1200 | Auckland Council

It has been another year of good financial performance for the Auckland Council Group which reported its unaudited preliminary financial results to the NZX today. More >>

Kiwibank profit hits $100 million

Fri, 29 Aug 2014 11:15:39 +1200 | Kiwibank

Kiwibank profit hits $100 million Kiwi Group Holdings Limited (“KGH”), which includes Kiwibank Limited and associated companies involved in Wealth Management, Insurance and New Zealand Home Loans, has achieved an after tax profit of $107 million ...More >>

TVNZ lifts annual profit 25% on flat ad revenue, quits Igloo

Fri, 29 Aug 2014 10:25:20 +1200 | BusinessDesk

Aug. 29 (BusinessDesk) - Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television.More >>

NZ Post profit shows no rationale for drastic job cuts

Fri, 29 Aug 2014 10:09:24 +1200 | Engineering Printing and Manufacturing Union

New Zealand Post Group’s $107 million profit shows the company is not in crisis and can afford to carefully consider any future job losses, says the union representing NZ Post workers.More >>

Improved operating profit; parcels overtakes letters revenue

Fri, 29 Aug 2014 10:04:55 +1200 | New Zealand Post

The first year of the New Zealand Post Group’s five-year strategy has yielded an improved operating performance in 2014. More >>

TVNZ profit up

Fri, 29 Aug 2014 09:59:56 +1200 | Television New Zealand

TVNZ has posted a net profit after tax of $18.1 million, up 25% on the same period last year. More >>

NZ Post annual profit falls 12%

Fri, 29 Aug 2014 09:42:28 +1200 | BusinessDesk

Aug. 29 (BusinessDesk) - New Zealand Post, the state-owned mail delivery service and trading bank owner, reported a 12 percent fall in annual profit as shrinking mail volumes were offset by gains in its Kiwibank and parcel businesses.More >>

Comments on Two City Transport Projects Needed by 8.9.14

Thu, 28 Aug 2014 15:12:19 +1200 | Christchurch City Council

Residents, property owners, organisations and businesspeople have only 10 days left to provide feedback on two key Central City transport projects http://resources.ccc.govt.nz/images/cityleisure/projectstoimprovechristchurch/transport/AAC/ACCProject1AreaMap.jpg >; Hospital Corner early works and Hagley / Moorhouse Corner.More >>

Future secure for regional tourism

Thu, 28 Aug 2014 14:19:58 +1200 | Nelson City Council

Nelson City Council and Tasman District Council today separately resolved to alter the shareholding in Nelson Tasman Tourism (NTT). More >>

KiwiRail confirms Clifford Bay land sale

Thu, 28 Aug 2014 13:50:16 +1200 | KiwiRail

KiwiRail has confirmed that the sale of the land at Clifford Bay owned by Clifford Bay Limited to local wine grower Peter Yealands has been finalised. More >>

UPDATE: Air NZ shares hit 2-mth high on profit, special div

Wed, 27 Aug 2014 11:50:59 +1200 | BusinessDesk

Aug. 27 (BusinessDesk) - Air New Zealand shares rose to a two-month high after the government-controlled national carrier boosted annual profit 45 percent on increased passenger numbers and capacity, and said it will double shareholder returns with ...More >>

Landcorp posts 133% gain in full-year operating profit

Tue, 26 Aug 2014 10:58:41 +1200 | BusinessDesk

Aug. 26 (BusinessDesk) - Landcorp posted a 133 percent increase in full-year operating profit as New Zealand's biggest corporate farmer benefited from a surge in dairy prices that won't be sustained in the current year, allowing it to lift its dividend ...More >>

"Holding hands" will not be enough

Mon, 25 Aug 2014 09:28:36 +1200 | The Architectural Centre

Friday's DominionPost (22 August: http://www.stuff.co.nz/dominion-post/news/10410292/Failed-scheme-sets-transport-plans-back-years ) reported that the region's mayors and representatives of the NZTA are to meet this week to hold hands and "discuss their next steps after a board of inquiry declined ...More >>

National Joins Transport Election Debate

Sat, 23 Aug 2014 13:11:16 +1200 | Campaign For Better Transport

National Party North Shore MP Maggie Barry will be talking transport at an upcoming election debate to be held on Wednesday 27th August. More >>

 

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