Infratil raises forecast on Longroad performance

Fri, 28 Sep 2018

By Gavin Evans Sept. 28 (BusinessDesk) - Infratil has raised its full-year earnings guidance on the performance of its Longroad Energy business in the US. The infrastructure investor is expecting its underlying operating earnings will lie between $540 million and $580 million in the year to March 31, 2019. That compares with $552.4 million last year and the firm’s previous forecast for earnings before interest, tax, depreciation, amortisation and changes in financial instruments of $500 million to $540 million. Infratil said the inc...

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