Stories by Pattrick - Page 2

Rakon, which makes crystal oscillators used in navigation devices, narrowed its first-half loss and affirmed its guidance for annual underlying ear.

Alliance Group, the world's largest processor and exporter of sheepmeat, posted an 11 percent rise in annual profit and is distributing $7 million.

LanzaTech, the New Zealand-founded carbon recycling company, and a research team from India's IOC-DBT Center for Advanced Bio-Energy Research have.

Rakon's losses soar to $32.8m as it writes down assets in China and NZ, hitting the lower end of its downgraded earnings forecast.

Rakon slashes full-year earnings forecast to USD $8-12 million, down from USD $14-16 million, due to delayed sales and thinner margins; shares drop 2.4%.

A sluggish first half saw Rakon's six-month loss widen to USD $3.96M, with falling revenues and rising expenses. Shares dropped 4.4% to 43 cents.

Rakon to cut 60 New Zealand jobs, shifting manufacturing to China and India to cut costs and improve profits by NZD $10 million annually.

Woolworths offloads its Dick Smith electronics chain to Anchorage Capital Partners for AUD $20 million, sharpening its focus on core supermarket operations.