Title
Content
Reform of ComCom ‘swamped by lobbyists’
Brent Edwards
Thu, 28 May 2026
Hot Topic
EARNINGS
Wed 27 May 2026 11:36:09pm
MARKET MOVEMENTS
Powered by:
VIEW MORE
Gainers
/
No results, Market opens at 10.00 NZST
Data will show from 10.20 NZST
Data will show from 10.20 NZST
Decliners
/
No results, Market opens at 10.00 NZST
Data will show from 10.20 NZST
Data will show from 10.20 NZST
Gainers
/
No results, Market opens at 12.00 NZST
Data will show from 12.20 NZST
Data will show from 12.20 NZST
Decliners
/
No results, Market opens at 12.00 NZST
Data will show from 12.20 NZST
Data will show from 12.20 NZST
Wed 27 May 2026 11:36:09pm
MARKET MOVEMENTS
Top Story
Free News Alerts
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
Latest News
Quick Takes
Promisia Healthcare underlying earnings jump 58%
A strong lift in occupancy has helped propel Promisia Healthcare to a much-improved full-year result. The listed aged care provider’s net profit rose 89% to $12.9m in the year ended March, on the back of an $11.7m gain in the value of its property portfolio. One-off gains aside, the company’s underlying earnings increased to $6.6m from $4.2m in the prior year. Revenue rose 34% to $51m for the year, as occupancy across the company’s aged care facilities, which is a key driver of earnings, increased to 94% from 87%. Promisia chair Rhonda Sherriff said the financial improvements reflected the delivery of its plan to improve care, lift occupancy and build a platform for growth. The company also announced its future dividend policy would be based on operating cash flow. Looking ahead, Promisia expects underlying earnings to reach at least $8m in FY27, assuming occupancy reaches at least 95%. The company also flagged that it was currently working on an “earnings accretive” acquisition.
Stride boosts after tax profit by 44%
Listed real estate investor Stride will pay a dividend of 8 cents a share, in line with guidance, after pushing up net profit after tax by $9.6 million to $31.3m for the year to March. Stride's investment portfolio is valued at $1.4 billion, although it also manages Investore Property, Industre Property and Diversified NZ Property Trust, valued at $1.1b, $850m and $446m respectively. The firm boosted external management fee income by $2.5m to $22.9m during the year, after pushing its open-ended product AUM by $200m after completing Industre's Wickham Street and Favona Rd developments and its sale of Silverdale Centre to Investore. After balance date, the real estate investor committed to the purchase of a 125-year pre-paid ground lease at North Wharf in Wynyard Quarter for $17.5m. It is in the process of submitting resource consent for at least 10,500 square metres of redeveloped mixed-use retail and offices. The company expects to pay an unchanged dividend this year.
close
Quick Takes
Wed 27 May 2026 11:26:21pm
MARKET MOVEMENTS
Latest News
Most Popular
Most Commented
Editor's picks
Featured
Short videos
NBR Focus
Unlocking Aotearoa: TPT Group founder Mike Marr
0:00
Your Business
Extraordinary payments and their $2m capital raise
0:00
Politically Speaking
Climate law change to block emissions liability claims
0:00
Politically Speaking
Budget will not be an election year give-away
0:00
NBR Focus
Unlocking Aotearoa: Malcolm Jackson
0:00
The NBR Podcast
PM Christopher Luxon joins the NBR Podcast
0:00
Politically Speaking
“Lead your own reform or we will do it for you”
0:00
Politically Speaking
The relief of Singapore
0:00
General Business
Deepfake ad using doctor’s identity a ‘public safety risk’
0:00
NBR Focus
Unlocking Aotearoa: Dame Joan Withers
0:00
Politically Speaking
The Winston Peters effect
0:00
Politically Speaking
The journalist making the news
0:00
Te Ao Māori
Art Fair expands as Māori voices lead
0:00
Investment
Michael Hill CEO: ‘I’m not a patient person’
0:00
NBR Focus
The Accountants: Full Investigation
0:00
NBR Focus
The Accountants: Some KPMG staff already using AI agents
0:00
NBR Focus
The Accountants: Turning EY into a one-stop-shop
0:00
NBR Focus
The Accountants: PwC and the end of human-only workforces
0:00
NBR Focus
The Accountants: Deloitte sees AI freeing up 25% of capacity
0:00
Politically Speaking
Conflict: RBNZ discusses impact on inflation
0:00
Analysis
Categories
