Infratil lowers guidance for 2014 earnings, citing weaker NZ energy, public transport markets

Thu, 03 Apr 2014

April 4 (BusinessDesk) – Infratil lowered its expected earnings for the year just ended, citing a weaker performance from the infrastructure investor’s New Zealand energy and public transport markets and the impact of a lower Australian currency. Earnings before interest, tax, depreciation, amortisation, financial derivatives and adjusted for Z Energy replacement cost of inventory were $490 million to $500 million in the year ended March 31, down from its previous guidance of $500 million to $540 million, the Wellington-based company said in...

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