‘Gloomy’ reporting season marks turning point – Forbar
Aggregate net profit at NZX-listed firms down 7%, the worst performance on record.
‘To add insult to injury, it is hard to argue that the New Zealand market is cheap.’
Investment firm Forsyth Barr believes the local stock market is at the “beginning of the end of the downturn” after issuing a particularly gloomy summary of the recent reporting season.
The December reporting period saw about 30 listed firms report their half-year and full-year financial
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