Comvita’s half-year result shows the company is seeing a noticeable financial turnaround.

Its result for the six months ended December 31 had revenue up 18.3 percent to $118 million, EBIT up 10.7m to $10m, and debt reduced by $32.9m to $48.7m.

Comvita CEO Karl Gradon says he's proud to see the company return to profitability and he's confident the company's been through the worst of it.

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Comvita’s half-year result shows the company is seeing a noticeable financial turnaround.
Its result for the six months ended December 31 had revenue up 18.3 percent to $118 million, EBIT up 10.7m to $10m, and debt reduced by $32.9m to $48.7m.
Comvita CEO Karl Gradon says he's proud to see the company return to profitability and he's confident the company's been through the worst of it.
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Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Karl Gradon: Comvita CEO on the company returning to profit in half-year result

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c6b4864c-3527-4c72-b0f0-b3fa00733deb/transcript

The Remuneration Authority says more responsibility attracts more pay. 

The Taxpayers' Union says Western Bay of Plenty District councillors are getting an average 57 percent pay increase.

Authority Chair Geoff Summers says the pool of funding for council has been decided - but not individual raises. 

He says the council will operate with two fewer councillors this term. 

"And most people would say - if I'm going to be doing more work than what some other people used to do, I want more money for it."

LISTEN ABOVE

The Remuneration Authority says more responsibility attracts more pay.&nbsp;
The Taxpayers' Union says Western Bay of Plenty District councillors are getting an average 57 percent pay increase.
Authority Chair Geoff Summers says the pool of funding for council has been decided - but not individual raises.&nbsp;
He says the council will operate with two fewer councillors this term.&nbsp;
"And most people would say - if I'm going to be doing more work than what some other people used to do, I want more money for it."
LISTEN ABOVE

Geoff Summers: Remuneration Authority Chair on local councillors seeing bigger pay increases

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9d5efa6b-5063-4b9e-b874-b3fa005fe9ac/transcript

Genesis Energy says fresh Crown investment into the power generator will go towards building infrastructure. 

The Government's confirmed it will put up to $200 million dollars - letting it retain its 51 percent shareholding, as Genesis launches a capital raise.

Chief executive Malcolm Johns says the money will speed up its ability to build.

"We're gonna build some solar farms, some grid-scale batteries and some wind, and extend the life of Huntly Rankines."

LISTEN ABOVE

Genesis Energy says fresh Crown investment into the power generator will go towards building infrastructure.&nbsp;
The Government's confirmed it will put up to $200 million dollars - letting it retain its 51 percent shareholding, as Genesis launches a capital raise.
Chief executive Malcolm Johns says the money will speed up its ability to build.
"We're gonna build some solar farms, some grid-scale batteries and some wind, and extend the life of Huntly Rankines."
LISTEN ABOVE

Malcolm Johns: Genesis Energy CEO on the Government investing more money into the business

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d0203da5-3eb0-40f1-86f0-b3fa004f8364/transcript

Business appears to be booming in most parts of the country.

ABC's quarterly market report shows business sales are up 28 percent on this time last year, with average prices up three percent.

It finds 507 completed sales over a 12 month period - a new historical high.

ABS Business Managing Director Chris Small told Mike Hosking that there's a link between sales and the current state of the economy across the country.

He says in line with the economy, the South Island is up 70 percent year on year in business sales, while Wellington is down 10 percent. 

LISTEN ABOVE

Business appears to be booming in most parts of the country.
ABC's quarterly market report shows business sales are up 28 percent on this time last year, with average prices up three percent.
It finds 507 completed sales over a 12 month period - a new historical high.
ABS Business Managing Director Chris Small told Mike Hosking that there's a link between sales and the current state of the economy across the country.
He says in line with the economy, the South Island is up 70 percent year on year in business sales, while Wellington is down 10 percent.&nbsp;
LISTEN ABOVE

Chris Small: ASB Business Managing Director says NZ businesses are getting back on track

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/eebd2f33-4bf2-4cd7-b342-b3f901308838/transcript

Karl Gradon: Comvita CEO on the company returning to profit in half-year result

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