NZX50 firms in mixed trade: Pushpay extends gain while Trustpower falls
On the negative side, Trustpower was among the biggest decliners after reporting a fall in first-half net profit and trimming its full-year guidance.
The benchmark S&P/NZX 50 Index rose 35.88 points, or 0.3 percent, to 10,795.06. Within the index, 21 stocks rose, 21 fell and eight were unchanged. Turnover was $134.5 million.
Pushpay shares rose 13 cents, or 4 percent, to $3.42 after climbing 3.8 percent yesterday when it reported a US$6.5 million net profit for the six months ended September, a turnaround from the previous first-half's US$4.4 million net loss.
The digital church collection payment app maker started generating a positive operating cash flow over the past 12 months, and that stepped up to US$8.9 million in the six months ended Sept. 30 from about US$2 million in the March period.
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