10 Sep 2012

Most firms report higher earnings

7:17 am on 10 September 2012

Higher dividends has been a feature of the latest earnings season.

Most firms have reported, with just a few retailers yet to reveal their performances, with operating earnings rising 4% on average.

In general, domestic-focused firms fared better than exporters, which struggled due to weaker foreign demand and the high New Zealand dollar.

First NZ Capital economics and strategy director Chris Green says overall most listed corporates remain in good health.

Looking ahead, Mr Green says firms will have to cope with a high currency and tighter margins due to overcapacity and intense competition.