29 Jul 2015

Business Briefs

2:19 pm on 29 July 2015

A round-up from Radio NZ's business desk - Online sales rise by nearly a fifth, SkyCity gaming tax review to cost less than expected, Diligent user numbers up and Vista Group's strong cash flow.

Online sales have risen by nearly a fifth.

The BNZ Online Retail Sales Report shows total online retail spending rose 19 percent in June compared with the same period a year earlier.

Spending on overseas sites rose 29 percent, despite a falling dollar making foreign goods more expensive.

Domestic online spending rose 12 percent, which BNZ said was stronger than the recent trend and well-above spending by people in stores.

Gaming tax review to cost less than expected

SkyCity Entertainment Group said a review of gaming tax rates at its Darwin Casino would cost it about $5 million less per year, than it had expected.

The Auckland-based casino operator had previously said the introduction of a community benefit levy could cost it up to $6 million more a year.

But the net cost of the levy and new gaming tax rates would now increase its operating costs by only $1 million.

Diligent user numbers up

Diligent said it now had more than 100,000 users using its products.

The company said it was now more than double the size of its nearest competitor, in terms of clients.

Vista Group has strong cash flow

Vista Group said it had strong cash flow in the the first six months ended in June, with the business trading in line with expectations set out in its prospectus forecast.