Profit Announcements: 16 - 20 August 2010

With the following companies announcing their profit results this week, with Freightways Ltd [FRE.NZX] kicking off the week at 10.00am this morning. Investors will not only be looking for some decent results but as usual and more keenly will be looking at indicators from management as to where they may be heading in 2011.

	Issuer	Period	Expected Release Date
	Freightways Limited [FRE.NZX]	Full Year	16/08/2010
	The New Zealand Refining Company Ltd [NZR.NZX]	Half Year	17/08/2010
	Fletcher Building Ltd[FBU:NZX] Full Year 18/08/2010 NZX Limited [NZX.NZX]	Half Year	17/08/2010
	SkyCity Entertainment Group [SKC.NZX]	Full Year	17/08/2010
	Port of Tauranga [POT.NZX]	Full Year	19/08/2010
*	Downer EDi Limited	Full Year	19/08/2010
	Contact Energy Limited [CEN.NZX]	Full Year	20/08/2010
	Australia and New Zealand Banking Group Limited [ANZ.NZX]	Full Year	20/08/2010

I will be paying interest to FRE and SKC especially as they are major parts of the Share Investor Portfolio but also looking closely at NZR, POT and CEN.

The Freightways result is a good bell-weather for the wider economy, POT will indicate how exports are doing, the NZR result will give shareholders there an indicator of whether that company has or will make it out of their recent slump in fortunes. The CEN result will be indicative of wholesale power prices and their impact on the consumer and the SKC one will outline a number of issues currently on the horizon for the company.


Related

Full list of coming results - NZX Market Diary


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c Share Investor 2010