The company is seeking stability after its first loss in two decades last year.
David Mair describes the company’s performance as a ‘work in progress’ and promised the board a two-year turnaround.
Software company’s half-year earnings rise as it seeks to further optimise product development with AI.
Statement follows Australian media report saying initial offers due before Christmas.
Pay negotiations on three separate collective bargains will continue this week under the cloud of industrial action.
The NZX-listed retailer is looking to reduce its cost of doing business to below 31% of sales.
Shareholders have rejected Florenz’s takeover offer, and Bougen is still talking of putting a recapitalisation plan before the board.
Chair Bridget Coates told today’s special meeting the board is working urgently with advisers and banking partners to look at funding alternatives.
The strong result will help justify chief executive Sukhinder Singh Cassidy’s remuneration, which created controversy at the last annual general meeting.
Investment company reports half year profit of $631.5m.