Channel Infrastructure among the day’s gainers after Ampol-owned Z Energy won the tender to supply 90 million litres of diesel at Marsden Point.
'Our best position was to do a capital return and keep going,' chair Michael Stiassny says.
The company continues to look at asset sales as it struggles to avoid bankruptcy.
The company's Singapore-based majority owner made an offer for its remaining stake in the company on January 20.
Sales in New Zealand were up 20%, higher than the group average, and the operations moved from loss to profit.
Additional accounting irregularities found after independent review have further hindered Comvita's FY24 earnings.
The announcement is the first major move by chief executive Mark van Dyck, who joined four months ago.
After consulting with shareholders, company says offer at 62% premium had no chance of success.
Convention centre bookings can now move to formal contracting, says casino operator.
The former NZ Oil & Gas delisted from the NZX but is still interested in the local market.
