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Rick Bettle

Powerco says network business shows resilience

Powerco says network business shows resilience
Wellington, Aug 27 NZPA - Powerco Ltd said its electricity and gas network businesses have demonstrated resilience in a time of sluggish economic activity, allowing it to report a 144 percent rise in profit.

Powerco To Repay $100m Subordinated Bonds

Powerco To Repay $100m Subordinated Bonds
Wellington, March 17 NZPA - Gas and electricity distributor Powerco is to repay $100 million of subordinated bonds which mature next month, with its two shareholders injecting new equity into the business.

Receivers Appointed To Eastern Hi Fi

Receivers Appointed To Eastern Hi Fi
Wellington, Jan 14 NZPA - NZAX-listed Eastern Hi Fi is in the hands of receivers after saying it could not rid itself of leases on unused premises.

Change In Chairman At Eastern Hifi

Change In Chairman At Eastern Hifi
Wellington, July 29 NZPA - Eastern Hi Fi Group Ltd says its chairman Rick Bettle is stepping down as chairman due to other commitments. He will continue to be a director and Denham Shale will take over as chairman. NZPA

Diligent Reports $23.5m Loss

Wellington Feb 26 NZPA - Software company Diligent Board Member Services today announced an $US11.8 million ($NZ23.5 million) operating loss for the 2008 financial year. Diligent produces Diligent Boardbooks, a web-based system to simplify board meeting materials.

Eastern Hifi Reports Loss

Wellington, Sept 12 NZPA - Eastern HiFi Group Ltd today reported a bottom-line loss of $569,091 in the six months to June 30, larger than the $174,011 loss reported in the same period last year.

Receivers Appointed To Dominion Finance Group

Wellington, Sept 10 NZPA - There was debate today over the best way to dispose of the corpse of Dominion Finance Group but no guidance on how much of the $224 million investors put in will get back.

Diligent Half Year Loss $US5.85m

Wellington, Aug 28 NZPA - Diligent Board Member Services has posted a loss of $US5.85 million ($NZ8.43 million) for its first six months trading as a company listed on the New Zealand stock exchange.

Home Entertainment Specialist In Recovery Mode

Wellington, June 23 NZPA - Home entertainment retailer Eastern Hi-Fi told shareholders today it was " not out of the woods yet" but was making progress on its financial recovery and hoped to make an announcement soon.

Dominion Finance Shares After Lower Profit

Wellington, May 14 NZPA - Finance company Dominion Finance Holdings has reported a 36 percent drop in annual net profit.

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