Infratil talks up prospects, share price falls on result

Infratil talks up prospects, share price falls on result
Infratil's latest results proved a tough sell for CEO Jason Boyes. (Image: NZME)
Pattrick Smellie
Infratil shares fell sharply following the announcement of an operating earnings result that was towards the top end of the guidance range, but which masked a turnaround in net parent surplus of more than $1 billion to report a loss for the year to March 31 of $286.3 million.On the same metric, Infratil earned a net parent surplus of $761.4m in the 2024 financial year.The latest result was largely driven by negative returns from realisations and revaluations totalling $180.3m, compared with a $942.3m uplift in the previous financial year.That w...

More Markets

Fisher & Paykel Healthcare drives sharemarket up
Markets Market Close

Fisher & Paykel Healthcare drives sharemarket up

The S&P/NZX 50 Index closed up 0.61% or 81.576 points to 13,562.01.

Rakon stock-price climbs ahead of result
Markets

Rakon stock-price climbs ahead of result

Rakon shares rose almost 9% on Wednesday but spiked even higher during the day.

Fisher Funds backs Summerset in rejecting covenant waiver claims
Markets

Fisher Funds backs Summerset in rejecting covenant waiver claims

Summerset is compliant with all lending covenants and obligations.

Critical minerals miner plans 2026 NZX listing
Primary Sector

Critical minerals miner plans 2026 NZX listing

The company plans to raise $20m from retail investors in mid-2026.