Infratil downgrades guidance after Australian energy assets sale

Tue, 30 Sep 2014

By Suze Metherell Oct. 1 (BusinessDesk) - Infratil, the infrastructure investor, has lowered earnings guidance for the coming year by as much as $40 million, reflecting the sale of its Australian energy assets. The Wellington-based company now expects annual earnings before interest, tax, depreciation, amortisation and asset valuation changes will be between $520 million and $545 million in the year ended March 31, 2015, from a previously advised range of between $530 million and $560 million, but still above its 2014 Ebitdaf of $500 mill...

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