CORRECT: Rangatira first-half operating earnings rise 11%, sees up to 30% full-year gain

Wed, 02 Dec 2015

(Corrects shareholder details in seventh paragraph) By Edwin Mitson Dec. 2 (BusinessDesk) - Rangatira, the diversified investor with stakes in smallgoods maker Hellers Butcher, Tuatara Brewery and the Rainbow's End theme park, posted an 11 percent gain in first-half operating earnings and said it is heading for a full-year gain of as much as 30 percent. Last month, the Wellington-based company increased its stake in Hellers to 62.5 percent from 50 percent. Among recent acquisitions are a 70 percent holding in Bio-Strategy, a scientific...

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