Infratil’s ‘bit of a beast’ result

Infratil’s ‘bit of a beast’ result
New Infratil CEO Jason Boyes has a good, but complicated story to tell.
Pattrick Smellie
Infratil today delivered what may prove to be the most confusing set of accounts in the current mini-earnings season.As an infrastructure investor with assets in New Zealand, Australia, the US and Europe, the Wellington-headquartered company always exhibits a lot of moving parts.But the result for the year to March 31 covers a period in which there were several major transactions, some big performance fees, covid-19, and portfolio valuation timing issues, all of which had competing impacts that, in aggregate, produced a loss for the year.Infrat...

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