6 Mar 2015

Business Briefs

2:28 pm on 6 March 2015

Dairy processor lifts profit

The dairy processor Open Country Dairy has lifted its annual profit by two-thirds.

The Talley's controlled firm made $29.8 million in the year to September 2014, compared with $18.2 million in the previous year.

Revenue rose by 43 percent to $908 million, while costs also rose by 43 percent, to $858 million.

No dividend has been declared.

Exports, domestic sales up

The latest New Zealand Manufacturers and Exporters Association's survey showed its members' sales rose more than 10 percent, with exports up nearly 12 percent, while domestic sales were up 6.5 percent.

Export sales accounted for 75 percent of the more than 500 million in sales counted.

Nevertheless, net confidence fell to 21 points from 38 in December with half the members reporting markets as a constraint, 36 percent production capacity and 14 percent skilled staff.

The survey showed the sector was only just expanding with its performance index at 100.3 points, down a point from a month ago.

New Chief Information Officer for Kathmandu

The retailer, Kathmandu, said Jolann van Dyk has been appointed to the role of Chief Information Officer, following the resignation of Grant Taylor.

It said Mr Taylor has been with the firm since 2010 and leaves to take up an executive level role outside of the information and technology sector.

Kathmandu said Mr van Dyk, who joined the business in 2014, takes up the new role in April.