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Bunnings triples annual profit in NZ as pickup in construction spurs demand

2014-12-10 05:45:02| Agriculture - Topix.net

Bunnings, the hardware chain owned by Australian Wesfarmers, more than tripled annual profit in New Zealand, as a booming property market stoked demand for building products. The New Zealand unit of the diversified Australian company reported profit of $4.9 million in the year ended June 30, from $1.1 million a year earlier, according to financial statements lodged with the Companies Office.

Tags: construction annual demand profit

ZTE Q1 profit triples, revenue rises 5.5%

2014-04-17 17:39:00| Telecompaper Headlines

(Telecompaper) ZTE reported first-quarter profit more than tripled, as the company posted increased revenue amid growth in the global 4G market. Net profit was CNY 622 million, up 203.5 percent from the prior year. Basic earnings per share were CNY 0.18, at the top end of the forecast issued by the company. Revenue rose 5.5 percent to CNY 19.05 billion.

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