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Sunfield, Beachlands, pass muster for Bishop’s list
Brent Melville
Tue, 08 Oct 2024
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Warehouse director buys up shares
The Warehouse Group director Tony Carter has increased his stake in the company, with an on-market purchase of 20,000 shares for $23,611 on October 7.
Carter, who is also the chair of My Food Bag, now holds 40,000 shares. He was appointed to The Warehouse’s board in May.
The group slumped to a $54.2 million loss in the year to July 28, from a net profit after tax of $29.8m the previous year, with sales down 6.2% to $3 billion.
The stock last traded at $1.19, and has fallen 33% in the past 12 months.
Mainfreight profit before tax down 9% in first half
NZX-listed freight and logistics company Mainfreight says its profit before tax is down an estimated 9.3% in the first half of the 2025 financial year.
The company is set to release its interim results for the six months to September 30 on November 13, but on Tuesday provided an update to the market alongside its investor day in Texas, US.
That market update said revenue was up 8.5% to $2.55 billion in the first half, but profit before tax was down 9.3% to $158.5 million.
Australia revenue was up 19% and Asia revenue up 34%, but profit was down on a 32% slump in the Americas and a 24% slump in New Zealand.
Mainfreight’s share price is down 0.50% in the year to date to $70.
Summerset sees sales surge
Listed retirement village operator Summerset Group says sales of its occupational rights across its 41 villages were up 15.3% for the first three quarters of the financial year at 877 sales. Total sales for the quarter were at 289, up 11.2%, with resales accounting for 160 of those.
Chief executive Scott Scoullar said the numbers were boosted by having 15 villages currently in the new home selling process, with 55% of all sales coming at a regional level (outside Auckland, Wellington or Christchurch). He said about a third of units were spoken for at the group's new "flagship", 330-unit St Johns development in Auckland. The first stage of that development would come on stream later this month, with the first of what would be about 450 residents already trickling in, he said.
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