‘Gloomy’ reporting season marks turning point – Forbar
Aggregate net profit at NZX-listed firms down 7%, the worst performance on record.
‘To add insult to injury, it is hard to argue that the New Zealand market is cheap.’
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Investment firm Forsyth Barr believes the local stock market is at the “beginning of the end of the downturn” after issuing a particularly gloomy summary of the recent reporting season.
The December reporting period saw about 30 listed firms report their half-year and full-year financial
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