Infratil sees 30% lift in CDC earnings; maintains dividend

Fri, 29 May 2020

Infratil is signalling a 30 percent earnings improvement from its CDC Data Centres investment in the current financial year. CDC, now the biggest asset in Infratil’s portfolio with a value of more than $1.4 billion, is expected to report operating earnings of A$145 million to A$155 million, Infratil said. That is up from A$117.5 million reported for the March year, itself a 63 percent improvement on the previous year. CDC, which is aiming to have two large-scale centres completed in Auckland by the end of 2022, was a standout performer...

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