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

Allied Farmers shareholders back sale of NZ Farmers Livestock
Primary Sector

Allied Farmers shareholders back sale of NZ Farmers Livestock

Allied will hold $14m in reserves as it looks for its next investment opportunity.

BNZ profit dips as economic return proves sluggish
Finance

BNZ profit dips as economic return proves sluggish

Net-interest margin tiptoes higher but total operating income slips. 

Commerce Commission approves Huntly agreement
Markets

Commerce Commission approves Huntly agreement

Gentailer deal to keep Rankine unit running gets a quick tick.

The market just wobbled. Will it fall down?
Markets Opinion

The market just wobbled. Will it fall down?

Recent losses can be explained by one word: speculation.