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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
3 mins to read

‘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.’

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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Nicholas Pointon Wed, 13 Mar 2024
Contact the Writer: nicholas@nbr.co.nz
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‘Gloomy’ reporting season marks turning point – Forbar
Investment,
103152
true