sharetrader
Page 203 of 203 FirstFirst ... 103153193199200201202203
Results 3,031 to 3,033 of 3033

Thread: WHS

  1. #3031
    An Awesome Cool Cat winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    24,049

    Default

    Earnings upgrade - performance not good enough to pay bonus’s in full (good)

    Does make you wonder how much these generous bonuses are though - holding back $6m of a much bigger expected amount ..hmm

    http://nzx-prod-s7fsd7f98s.s3-websit...640/305981.pdf

    In the previous update provided by The Warehouse Group on 25 July 2019, guidance for adjusted net profit after tax for the year was revised up to a range of $67m-$70m. It was also stated that the forecast included a full accrual for the year’s incentive payments. As expected, these have not been fully triggered and, as a consequence, we are further revising guidance for adjusted net profit after tax upwards, to a range of $73m - $75m.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  2. #3032
    Senior Member
    Join Date
    Jul 2015
    Location
    Napier
    Posts
    918

    Default

    https://www.tvnz.co.nz/one-news/new-...in-living-wage

    Well this will stuff up the profit!! I know of at least 10 people that will move up from $17.75 per hour to living wage. Either prices go up or profits go down which will it be????

  3. #3033
    Senior Member
    Join Date
    Dec 2001
    Location
    Wellington, , New Zealand.
    Posts
    919

    Default

    Quote Originally Posted by Ggcc View Post
    https://www.tvnz.co.nz/one-news/new-...in-living-wage

    Well this will stuff up the profit!! I know of at least 10 people that will move up from $17.75 per hour to living wage. Either prices go up or profits go down which will it be????
    Maybe neither of those if expenses fall enough. Big push to reduce costs as more sales move online and distribution is centralised. Recently reported 11 centres to close, 150 staff affected. And probably more automated checkouts.

    Some cost reductions will be offset by pay relativity of course. Then again workers might stay longer if they can't get the same rate elsewhere.

    The government will be happy as tax take increases and income related transfers reduce, sometimes very sharply. Seem to recall media reporting last year a woman who took on 10 hours extra work a week and was $50 better off in the hand.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •