Yovich & Co. Market Update - 26 February 2018

Feb 26, 2018 | Commentary

This Week's Announcements

NZX profit for the year up 61.6% at $14.8m. 

Heartland Bank profit for December half year up 7% at $31.1m. 

EBOS tax paid profit for December half year up 7.8% at $76.7m.  Interim dividend increased to 33c. 

Meridian Energy tax paid profit for half year down 13% at $109m. 

A2 Milk half year tax paid profit is up 150% at $98.4m on increase in market share in Australia and China and is entering new supply deal with Fonterra. 

Spark NZ profit to December half year is down 3.4% at $172m.  The dividend of 12.5c payable 6 April will include 1.5c special dividend. 

Fletcher Building operating loss for December half year is $322m and expects the full year loss to be $660m. 

Tourism Holdings tax paid profit for December half year is up 102% at $22.8m.  Interim dividend increased from 10c to 13c.                                                               

Air NZ tax paid profit for December half year is down 9.37% at $232m. It is paying an 11 cent interim dividend which is its highest ever. 

Port of Tauranga tax paid profit for December half year up 12.6% at $41.1m. 

Summerset tax paid profit for December year is up 53.6% at $223.4m.  Final dividend increased from 5.1c to 7.1c. 

Team talk tax paid profit for December half year is $2.174m compared with $1.349m last year. Debt has reduced by $1.71m (7.8%). 

Comvita half year profit is $3.7m compared with $7.1m loss last year.  Interim dividend increased from 2c to 4c. 

Seeka tax paid profit for December year is down 44% at $5.83m.  Final dividend increased from 10c to 12c. 

Steel & Tube first half year profit was down 64% at 3.8m due to write down of value of inventory and cost of restructuring business. 

SLI Systems profit for December half year $1.136m compared with $1.4m loss last year. 

Delegat's tax paid profit for December half year up 9% at $26.9m.

 

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Walter Yovich



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