Shares drop 35 cents to $5.32, crimping its gain this year to 16%.

The Wellington-based funds manager had fee income of $49.1m in calendar 2012, up from $36.8m a year earlier.

The impact of drought in the first quarter is likely to start showing up in the second quarter, while imports are expected to resume their advance.

The new Paraparaumu brewery has the capacity to produce at least two million litres a year, with potential to double production.

Central bank confirms it is likely to cut interest rates and expects the AUD to decline further.

Speculation put to rest, says acting CEO.