Airport remained a quality long-term investment story given
its control of New Zealand's major tourism gateway, Forsyth
Barr broker Peter Young said yesterday.
Delegat's Group yesterday reported a "stunning
result" for the year ended June in a year which could have
been difficult for a premium wine maker, ABN Amro Craigs
broker Chris Timms said yesterday.
Fisher and Paykel Appliances designers got a taste of their
own cooking yesterday when they took part in "Stir Fryday" to
celebrate the opening of the new design centre kitchen.
The increase in South Canterbury Finance's provision for
loans that might default was a concern, ABN Amro Craigs
broker Peter McIntyre said yesterday.
Air New Zealand yesterday put a positive spin on its profit
for the year ended June 30, despite its slipping 26% to $145
million compared with the $197 million reported last year.
Farming services company PGG Wrightson yesterday reported a
disappointing profit for the year ended June, and indicated
its debt facilities were being renegotiated again.
NZ Farming Systems Uruguay reported a full-year operating
loss of $US15.6 million ($NZ23.1 million), as the company was
hit by drought and falling dairy prices.
Tourism Holdings Ltd has again fallen victim to the volatile
nature of the sector in which it operates.
New Zealand Oil & Gas' profit for the year ended June
fell by 45%, but the company is nonetheless still in a strong
Vector produced a strong profit for the year ended June, but
Forsyth Barr broker Peter Young said the company would find
it hard to replicate the result next year.
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