NZ Post boss David Walsh says lower costs and parcel revenue growth have offset letter mail decline

NZ Post annual profit drops 34% after sale of Kiwibank stake

Mon 11 Sep 1

CEO calls the result a "significant turnaround".

Brent Sheather is an authorised financial adviser at Private Asset Management

Luck, skill, risk and persistence


Opinion: It's still too early to say whether the cost of KiwiSaver funds justifies the returns.

Acting Kiwibank chairman Kevin Malloy says "Shareholders have taken a long term view on the money that the bank has got from them. It’s a fluid situation."

Kiwibank mum on capital return, dividends

Mon 4 Sep 4

Wholesale market has been sympathetic to Kiwibank’s capital woes.

Acting Kiwibank chairman Kevin Malloy says the CoreMod system won’t deliver what Kiwibank needs in future

Kiwibank may have to write even more off its failed IT project

Fri 1 Sep 8

Even before the write-off, Kiwibank's profits were falling.

Chief executive Paul Brock said meeting rapidly-changing technology and customer requirements is key

IT project impairment slashes Kiwibank's net profit

Fri 1 Sep 5

Kiwibank's net profit was $53 million in the year to June 2017 versus $124 million in the previous period.

Kiwbank chief executive Paul Brock was part of the team that set up the bank in 2002

Kiwibank chief Paul Brock to leave at the end of the year

Tue 22 Aug

That's only months after the bank's board went through a shakeup.


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