The food retailer’s CEO says he’s happy to set a dividend policy, ‘but not today’.
The next problem is developing a local source, with the company head saying Genesis had made no long-term decision to invest in biomass as yet.
But advertising on Newstalk ZB, real estate listings on OneRoof and some $4m in government grants lead to a positive annual result.
The residential developer is focusing on high-net-worth buyers who are more immune to tougher economic conditions, CEO says.
Forecast production at Macraes hit by mill damage discovered last week.
Partial and gradual stake sale most likely, if Auckland’s public agrees with draft budget.
UPDATE: ANZ Investments, holder of 2.7%, now says it too will vote against the ‘opportunistic’ scheme.
Earnings, margins, revenue hold up, but macro-economic conditions and Cyclone Gabrielle impact on customers the big unknown.
Electricity distribution sector needs scope to spend more on climate resilience, says CEO.
Guidance for full-year earnings held steady, Turitea wind farm due for completion in April.