Infratil’s asset values rise, boosting Morrison & Co fees

Sun, 07 Apr 2019

By Jenny Ruth April 8 (BusinessDesk) - Infratil says the value of three of its businesses, Canberra Data Centres, Longroad Energy and Tilt Renewables, has roughly tripled compared with their carrying value last September. However, that means the incentive fees owed to Infratil’s manager, Morrison & Co, will go up and, together with additional operating costs and tax incurred by Longroad, as well as deferred earnings from Longroad, has led to a downgrade for expected underlying earnings before interest, tax, depreciation and financial inst...

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