Infratil first-half earnings rise, cash reserves improved by Z Energy sale

Tue, 10 Nov 2015

By Sophie Boot Nov. 11 (BusinessDesk) - Infratil, the investment company managed by Wellington-based investment bank Morrison & Co, posted a 14 percent gain in first-half pretax earnings and affirmed its guidance for full-year growth of as much as 17 percent. Consolidated earnings before interest, tax, depreciation, amortisation, and fair value movements rose to $271 million in the six months ended Sept. 30, from $242.5 million a year earlier, the Wellington-based company said in a statement. Total income, which includes operating revenue...

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