Infratil 1H earnings buoyed by $39.1m Vodafone contribution

Wed, 13 Nov 2019

Utilities investor Infratil reported a 1.7 percent lift in first-half operating earnings, with a two-month contribution from Vodafone New Zealand offsetting weaker returns from Trustpower and its Longroad Energy interests in the US.Excluding businesses sold in the past year, underlying earnings before interest, tax, depreciation and changes in financial instruments rose to $289.4 million in the six months ended Sept. 30, from $284.6 million a year earlier.The company reported a net profit attributable to shareholders of $56.4 million from $58.5...

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