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Contact Energy’s earnings expected to dip

Thu 19 Aug 2

Power generator and gas company Contact Energy is expected to report a dip in its net profit when it reports its result for 2009-10 on Friday.

Brokers First NZ Capital expect the company to produce earnings before interest, tax, depreciation, amortisation and financial instruments (ebitdaf) of $439 million for the year, which would represent a decline of 10.9% compared with the previous year, on an earnings per share basis.

All flat at the big red shed

Thu 11 Mar

Two years of flat sales at The Warehouse may be a big concern for the country’s biggest retailer, but should be good news from its Stationery division when it releases its interim results tomorrow.

In its post Christmas trading update, the retailer conceded that the expected continued steady sales growth failed to materialise with total sales over the crucial Christmas period flat on last year.

Further carbon-related write-downs expected from NZX

Fri 26 Feb

Stock Exchange operator NZX is expected to report a double-digit lift in operating earnings for the 2009 fiscal year when it files on Monday but questions linger over its remaining exposure to carbon trading.

A collapse in voluntary corporate participation of carbon trading recently forced NZX to reduce the carrying value of the shares it holds in Markit, a global informational services firm that purchased NZX’s TZ1 carbon registry last June.

Sky City – the house always wins

Mon 15 Feb

A renewed focus on its core gambling business should see a rise in revenue for Sky City when it announces its interim result tomorrow, even though a lower dividend is on the cards.

Analysts are forecasting a rise in ebitda for the first half of the year of between 3% and 10% to about $160 million, with the performance of the Australian casinos expected to be the main driver behind the lift.

Landcorp result to put dairy farming in the spotlight

Wed 14 Oct

Rural eyes will be closely tuned to Landcorp today as the state farmer reports its financial results for the year to June.

The results – to be tabled in Parliament this afternoon – should provide a good insight into how the dairy industry is performing under difficult conditions.

The company is the country’s largest farming enterprise running 1.6 million head of stock spread across its dairy, beef, sheep and deer farms.

Vector investors hoping for clarity on regulation, broadband

Tue 17 Feb

Lower interest rates are expected to have a significant impact on regulatory pricing issues facing electricity and gas distributor Vector.

The company announces its interim result tomorrow. Forsyth Barr expects a reported profit of $287.8 million, up 217%. But the increase is due to nearly $200 million from the gain from the sale of the Wellington electricity network and profits prior to settlement.

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