Christchurch City Holdings FY profits up 25 percent on quake rebuild

Thu, 18 Oct 2012

By Hannah Lynch Oct 18 (BusinessDesk) - Christchurch City Holdings Limited, the investment arm of the city's council, posted a 25 percent increase in full year profit after its City Care infrastructure unit doubled its construction activity as the region's rebuild got under way. Profit increased to $97.3 million in the 12 months ended June 30 from $77.3 million a year earlier, the company said in a statement. Total income rose to $903 million from $750 million. Construction revenue from City Care quadrupled to $121 million from $31 millio...

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