Infratil annual earnings rise 2.5% on bigger contribution from retirement village units

Tue, 17 May 2016

By Paul McBeth May 18 (BusinessDesk) - Infratil lifted annual underlying earnings by 2.5 percent, meeting guidance, as its Metlifecare and RetireAustralia investments delivered bigger contributions. The listed investment firm said it is still looking for assets to buy. Underlying earnings from continuing operations before interest, tax, depreciation, amortisation and financial derivative movements (ebitdaf) rose to $462.1 million in the 12 months ended March 31 from $450.87 million a year earlier, the Wellington-based company said in a s...

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