4 July 2024
Chief executive Leonard Sampson says a law change on commercial building depreciation, will give the company a 12.9 million-dollar one-off deferred tax hit - for the year ending June.

He says the accounting adjustment will reduce their final reported profit - but has no impact on cash flows.

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Other Business News

07 Jul: The Northern Mystics have leapfrogged the Magic into third on the ANZ Premiership netball ladder after thrashing the Steel 68-47 in Auckland

07 Jul: A Taranaki accountant who lost 300 thousand dollars in a scam has got a full refund

05 Jul: NZ’s commercial rocket industry is taking off, but national space law needs a boost

05 Jul: Booktopia, Australia’s biggest online bookseller, is poised for collapse. That doesn’t mean bookshops are in trouble

05 Jul: Offers are being made to buy a popular buy-now, pay-later service after going into receivership

04 Jul: Household wealth grew over ten billion dollars in the first three months this year

04 Jul: Fewer people are in the market for cars, including electric vehicles

Top Stories

RUGBY
A 32-year-old record has been snapped at the New Zealand Squash Championships in Tauranga More...

BUSINESS
The Northern Mystics have leapfrogged the Magic into third on the ANZ Premiership netball ladder after thrashing the Steel 68-47 in Auckland More...

Today's News

Law and Order:
A person has serious injuries after an assault in Auckland's Papakura 21:17

Accident and Emergency:
A fatal crash involving a vehicle and a pedestrian has closed State Highway One in Oamaru 19:57

Rugby League:
In rugby league's NRL, the Roosters have trounced the Dragons 42-12 in Sydney 18:37

Business:
The Northern Mystics have leapfrogged the Magic into third on the ANZ Premiership netball ladder after thrashing the Steel 68-47 in Auckland 18:27

Living & Travel:
In the New Zealand men's basketball league, the Auckland Tuatara have pipped the Taranaki Airs 77-76 in New Plymouth 18:07

Living & Travel:
A 32-year-old record has been snapped at the New Zealand Squash Championships in Tauranga 17:37

Politics:
A view that speed limits can be raised in a balanced way 16:57

Politics:
A change to the UK government means new Ministerial appointments 16:27

Soccer:
Novak Djokovic is grinning at the moment England's victory on penalties over Switzerland at football's 2024 Euros stopped his third round tennis match against Alexei Popyrin at Wimbledon 16:17

International:
Professional cyclist André Drege dies in crash at Tour of Austria, Biniam Girmay wins second Tour de France sprint 16:07

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