Infratil sees bigger earnings for 2017, has up to $1 billion to spend

Tue, 12 Apr 2016

By Paul McBeth April 13 (BusinessDesk) - Infratil expects underlying earnings to rise in 2017, helped by its retirement village business and has as much as $1 billion to spend on investments. Underlying earnings before interest, tax, depreciation and amortisation from continuing operations are forecast to be $475 million to $515 million in the year ending March 31, 2017, up from the $455 million-to-$465 million forecast for 2016, the Wellington-based company said in a statement. Infratil is due to report its 2016 results on May 18 and is...

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