Infratil fears renewable energy slowdown due to US election

Infratil boss Jason Boyes says it's still going to invest in its US renewable energy business. (Image: Infratil)

Thu, 14 Nov 2024

Infratil reported a $212.2 million net loss in the six months to Sep 30 after a $1.1 billion revaluation of Infratil’s telecommunications business One NZ in the prior year meant it reported a hefty surplus.The New Zealand Exchange-listed (NZX) infrastructure investor said its half-year result was also impacted by $63m of foreign exchange and derivative revaluations.In the prior comparable period, Infratil reported a net surplus of $1.1b. Infratil completed its purchase of the telco, formerly branded as Vodafone NZ, in 2023 for about...

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