Coronavirus

Augusta to delay tourism fund, annual AFFO to fall up to 45%

Jenny Ruth
Mon, 17 Feb 2020

Augusta Capital said it has decided to defer the launch of its tourism fund until the 2021 financial year and therefore its adjusted funds from operations for the year ending March may be as much as 45 percent lower than the previous year."Augusta now expects adjusted funds from operations for the year ending March 31, 2020 to be between $4.2 million and $4.5 million," the statement said.The company reported $7.74 million in adjusted funds from operations for the year ended March, 2019.The company's statement today didn't give any reason for th...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets
Govt invests $30m with coastal shipping 'winners'
Brent Melville | Wed, 25 May 2022

Government investment is seen as the starting point to creating a viable coastal shipping sector.

Media
Media firms adapt to avoid poaching
Daniel Dunkley | Wed, 25 May 2022

They call it the Great Resignation – a global phenomenon which has seen people leave their jobs in their droves since the pandemic. But in competitive sectors like advertising and communications, firms are fighting back.

Tourism
Are hotel prices 'courageous' or outrageous?
Brent Melville | Wed, 25 May 2022

Tourists can expect to see a jump in their hotel bills on the back of reduced availability, and as the industry scrambles to reinvent itself after a two-year hiatus.

Partner content
Small business lessons for attracting and retaining staff

Employers battling through the ‘Great Resignation’ are now faced with the ‘Great Brain Drain’.

Partner content
People leaders are key to wellbeing but still need help

One in three people say they have experienced an issue with an unsupportive manager