Infratil annual earnings pip past guidance as Tilt, Trustpower get late tailwind

Paul McBeth
Wed, 17 May 2017

By Paul McBeth May 18 (BusinessDesk) - Infratil beat annual earnings guidance after its recently demerged hydro and wind energy investments - Trustpower and Tilt Renewables - got a late tailwind from mother nature.  Underlying earnings before interest, tax, depreciation, amortisation and fair value movements in financial instruments rose 12 percent to $519.5 million in the 12 months ended March 31, beating Infratil's March guidance for ebitdaf of between $485 million and $505 million. The boost came from bigger contributions than expec...

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