May 17 Ryman Healthcare, New Zealand’s largest retirement village operator, posted a 17 percent increase in underlying profit to a record, beating guidance, after it sped up its building programme to meet demand for units.
May 17 Ryman Healthcare, New Zealand’s largest retirement village operator, posted a 17 percent increase in underlying profit to a record, beating guidance, after it sped up its building programme to meet demand for units.
Underlying net profit rose to $84 million in the 12 months ended March 31, from $72 million a year earlier, it said in a statement. That marks 10 years of profit growth. Sales rose about 20 percent to about $155 million.
Ryman lifted its build rate by 24 percent to 710 units and aged care beds on the previous year. Thats well ahead of its target build rate of 550 beds annually. New
04 May
Posted by Madison Fargher as Financial Articles
Investment analysts at Jefferies Group (NYSE: JEF) cut their target price on shares of Regeneron Pharms (NASDAQ: REGN) from $163.00 to $161.00 in a note issued to investors on Wednesday.
Regeneron Pharms opened at 130.93 on Wednesday. Regeneron Pharms has a 52-week low of $42.83 and a 52-week high of $145.04. The companys market cap is $12.235 billion.
Regeneron Pharms last posted its quarterly earnings results on Thursday, April 26th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.33) by $0.70. The companys quarterly revenue was up 106.6% on a year-over-year basis. Analysts expect that Regeneron Pharms will post $0.36 EPS next quarter.
Regeneron Pharmaceuticals, Inc. (Regeneron) is an integrated biopharmaceutical company, which discovers, invents, develops, manufactures, and commercializes medicines for the treatment of serious medical conditions.
11 Apr
Posted by Madison Fargher as Financial Articles
April 2 – The New Zealand dollar rose after China’s official performance of manufacturing index beat expectations, rising to a one year high in March and boosting demand for commodity currencies such as the kiwi. The New Zealand dollar
April 2 – The New Zealand dollar rose after China’s official performance of manufacturing index beat expectations, rising to a one year high in March and boosting demand for commodity currencies such as the kiwi.
The New Zealand dollar traded at 82.26 US cents just before 8am up from 81.82 cents at the close of trading in New York on Friday. The trade weighted index increased to 73.2 from 72.81.
China, New Zealand’s second-biggest export market, reported its manufacturing gauge rose to 53.1 from 51.0 in February, reducing speculation the People’s Bank of China will ease monetary policy in the coming days. In contrast t
02 Apr
Posted by Madison Fargher as Financial Articles
The Freight Transport by Sea industry in China is mainly engaged in shipping exported items to their destination countries and territories from China. Therefore, industry performance is extremely sensitive to the demand for Chinese goods, which is in turn driven by the global economic climate. Over the five years through 2012, industry revenue has been falling at an annualized rate of 3.1%, according to IBISWorld research. The decline was largely due to the global economic recession in 2009.
The top four freight transport operators–China Ocean Shipping Group, China Shipping Group, SINOTRANS / CSC Holdings, and Hosco Group–are all state-owned and account for 68.4% of total industry revenue, estimates IBISWorld. International freight shipping is reliant on high investment into fixed assets like ships, and its business has economies of scale. Therefore, government capital plays a dominant role.
IBISWorld anticipates that further appreciation of the Chinese yuan will limit export growth, and therefore, industry growth. Als