Infratil forecasts likely fall in operating earnings this year

Tue, 09 Apr 2019

By Jenny Ruth April 10 (BusinessDesk) - Infratil says it expects operating earnings could fall in the year ending March 2020 not including incentive fees. The infrastructure investor is forecasting earnings before interest, tax, depreciation, amortisation and financial instruments will be between $510-540 million for the year beginning this month. On Monday, Infratil lowered its guidance for the year just gone to $535-545 million from the $580-620 million expected previously. The 2020 forecast assumes its 51 percent-owned Trustpower...

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