Fund managers pointed to strong earnings growth in the retirement village sector from Metlifecare and Summerset. Tourism Holdings reported strong earnings in line with a booming tourism sector. "The market is delivering strong earnings growth but our [share] pricing is pretty full," Solly said. Mark Lister, head of private wealth research at Craigs Investment Partners, said the reporting season "certainly did not set the world on fire". The remaining companies' earnings were more or less as expected and a small group were slightly disappointing, he said.

Source: New Zealand Herald March 03, 2017 05:15 UTC