Dunedin Holdings back into the black

Events at Forbarr stadium helped boost city profits. (Image: BusinessDesk)

Tue, 03 Oct 2023

Dunedin City Holdings posted a profit of $3.3 million for the year to June, declaring a dividend to its parent, Dunedin city council, of $5.5m.It's something of a turnaround for the city's investment arm, which has $1.83 billion in assets and lists Aurora Energy, City Forests, Delta Utility Services, Dunedin Airport, Dunedin Stadium Property and Dunedin Railways as its main trading interests.Last year, it posted a $3.46m loss on the lingering effects of pandemic disruption. This year, operating revenues bounced by 10.7% t...

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