Quarterly economic activity around Otago has rebounded 1.8% -
well above the national figure of a 0.4% gain.
East Otago, having produced more than 4.4million ounces of
gold in that period.
Strong sales revenue growth underpinned a record half-year
profit for Fisher & Paykel Healthcare for the six months
Oceana Gold's acquisition of a South Carolina gold
development mine could be the keystone in its drive to become
the world's lowest-cost gold producer.
Shareholders have handed control of 102-year-old specialist
Dunedin engineering firm Scott Technology to global food
Dunedin cancer diagnostic company Pacific Edge has more than
doubled its sales, recording $1.8million sales for the half
year to September, and moves to its second-half trading with
a $35.3million cash buffer.
Carpet manufacturer Cavalier's' share price got a 34% boost
yesterday, following management predictions the ailing
company would turn last year's $25.7million loss into a
Food giant JBS Australia yesterday began its march to take a
50.1% controlling stake in 102-year-old Dunedin engineering
specialist Scott Technology, disclosing it had gained a 5.21%
Metro Performance Glass has delivered an $11million profit,
at the top end of earlier predictions, underpinned by
activity in residential Auckland and commercial Canterbury.
During the past four years, 181 foundry-related jobs have
been lost from Dunedin city, largely in response to the
global downturn in mining and heavy industry.
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