The Government accounts are forecast to become significantly
worse in coming months as the impact of the Christchurch
quake becomes clear, but the ones released yesterday provide
some encouraging signs.
Briscoe Group reported an improved operating profit for the
year ended January 30 and announced an improved final
dividend of 6c per share. Earnings before interest and tax
(ebit) were up 8.8% to $32.76 million and profit after tax
was up 14.6% to $24.1 million.
New Zealand was still a good investment destination, Deputy
Prime Minister Bill English and nine of the country's largest
listed companies told an audience of international
institutions and investors in Sydney.
Short-term forecast for much more cloud Cloud computing
has an EGO problem. Eyes Glaze Over every time somebody
starts talking about the concept. However, business editor
Dene Mackenzie finds the Government could provide an impetus
to the concept.