Eastland Group posts 7.8% gain in full-year profit, lift dividend

Wed, 08 Jun 2016

By Jonathan Underhill June 9 (BusinessDesk) - Eastland Group, the community trust-owned company that runs Gisborne's port, airport and electricity distribution businesses, says full-year profit rose 7.8 percent, allowing it to pay a bigger dividend and plan for increased investments. Profit rose to a record $15.2 million for the year ended March 31, from $14.1 million a year earlier, the company said in a statement. It didn't immediately provide details of the performance of its portfolio of businesses. Eastland is owned by Eastland Co...

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