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27 Apr 2024 6:19
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  •   Home > News > Business

    In business news .

    In business news .


    Bonuses for thousands of Warehouse workers, despite the company's challenging year with profits down.

    The Warehouse Group has just released its annual result.

    The company, which owns The Warehouse, Noel Leeming, Torpedo7, and Warehouse Stationary, made a net after tax profit of 59 million dollars in the year to June.

    That's down more than 13 percent on last year.

    However, the figure is ten percent higher than the net profit after tax guidance issued in March.

    ---------------
    The days of traditional accountants are numbered.

    New research by Westpac says new technologies are likely to automate much of what accountants currently do.

    Economist Paul Clark says integration between fully automated accounting systems run by firms, and those operated by the authorities, could create a situation where there's no need for auditing services.

    He believes everything will be done automatically and this will eventually force accounting services firms to deliver more advisory services.



    ---------------
    To the markets, where the NZX50 sits at 9358

    The New Zealand dollar is trading at 91.74 Australian cents, 66.90 US, 50.40 pence, 75.24 yen and 56.79 Euro

    Im Jody Gill

    © 2024 Newstalk ZB, NZCity

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     Top Stories

    RUGBY RUGBY
    The Chiefs are preparing for a tough physical match-up, when they take on the Waratahs in Sydney More...


    BUSINESS BUSINESS
    Pressure's on the Government to deliver for people come Budget day More...



     Today's News

    Politics:
    A health commentator says asking hospitals to find millions in savings by June is a desperate attempt to balance the books 4:37

    Business:
    Pressure's on the Government to deliver for people come Budget day 4:37

    Law and Order:
    25 years after the murder of BBC presenter Jill Dando on her front doorstep, unanswered questions remain 21:47

    Environment:
    Fire and Emergency is urging the public to take extra care with controlled burns 21:17

    Rugby:
    The Chiefs are preparing for a tough physical match-up, when they take on the Waratahs in Sydney 18:57

    Rugby:
    The Chiefs are confident they'll be able to get a result in Sydney tonight without captain Luke Jacobson 18:37

    Rugby:
    Confidence from the Crusaders coach, heading into tonight's must-win home game against the Melbourne Rebels in Christchurch 17:27

    Law and Order:
    Rose McGowan, Ashley Judd and others react to the overturning of Harvey Weinstein's 2020 rape conviction 17:27

    Environment:
    Severe thunderstorms are forecast for Canterbury this evening 16:58

    Rugby:
    The Crusaders coach isn't mincing his words about the Super Rugby Pacific champions' situation 16:58


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