Infratil first-half earnings fall 7.1% as Perth Energy unit struggles

Infratil first-half earnings fall 7.1% as Perth Energy unit struggles
Paul McBeth
By Paul McBeth Nov. 11 (BusinessDesk) - Infratil reported a 7.1 percent fall in earnings as the listed infrastructure investor's Perth Energy division faced difficult retail conditions in Western Australia, and the company now sees its annual result tracking at the bottom end of its forecast.  Underlying earnings before interest, tax, depreciation, amortisation and fair value of financial instruments (ebitdaf) fell to $246 million in the six months ended Sept. 30 from $253.1 million a year earlier, the Wellington-based company said in a s...