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22 Feb 2025 1:24
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  •   Home > News > Business

    The economic downturn is hitting bottom lines, in latest half-year business results

    The economic downturn is hitting bottom lines, in latest half-year business results


    Auckland's Skytower
    Auckland's Skytower
    Sky City's profit is down 73-percent, with less people gambling.

    Air New Zealand's fell 18-percent, hit by reductions in businesses and government agencies travel spending - and continuing engine problems.

    Auckland Airport's profit rose two-percent, in large part due to more Kiwis heading offshore.

    Real estate investment firm Precinct Properties' profit went up four-percent, benefiting from workers returning to offices.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     21 Feb: Spark's reporting a 78-percent drop in first half profit
     21 Feb: Exporters are continuing to benefit from high commodity prices and the low Kiwi dollar
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     21 Feb: Air New Zealand expects to be short of planes for at least another two or three years
     21 Feb: The country's construction costs could improve - following a 44-percent average rate increase over the last four years
     20 Feb: The Child Poverty Reduction Minister attributes stagnant progress to tough economic conditions
     20 Feb: The Reserve Bank doesn't expect New Zealand's low productivity to pick up in the near future
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