Infratil forecast unaffected by delayed return from Longroad asset sale

Thu, 13 Dec 2018

By Gavin Evans Dec. 14 (BusinessDesk) - Infratil says the later-than-expected receipt of development margins on Longroad Energy’s Rio Bravo wind development hasn’t altered the firm’s full-year earnings guidance. Last month, the infrastructure investor forecast underlying operating earnings would lie between $580-620 million in the year to March 31. Today, the company said following the conditional sale of Rio Bravo, it expects to receive repayment of about US$49.4 million on the 238 MW Texas wind project – reflecting its US$46.3 millio...

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