Infrastructure

Infratil posts record results, boosted by Tilt sale

Jenny Ruth
Thu, 19 May 2022

Infratil posts record results, boosted by Tilt sale
Chief executive Jason Boyes said the year was notable for the $1.4b of investments made. (Image: Supplied)
Jenny Ruth
Thu, 19 May 2022
Infratil reported a $1.23 billion annual net profit and said the result was the largest since the firm was established in 1994, reflecting the more than $1b profit from last year's sale of its stake in Tilt Renewables.Proportionate earnings before interest, tax, depreciation, amortisation and financial instruments (Ebitdaf) were $513.9 million before changes in the accounting treatment of software-as-a-service (SaaS) expenses and said that was the mid-point of its guidance.Infratil downgraded its guidance twice through the year but would ha...

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