Ngāi Tahu cites covid disruption as forestry, tourism lose ground

Rocky times for tourism last year. (Image: Supplied)

Fri, 04 Nov 2022

Ngāi Tahu Holdings' profit fell 36% for the 12 months to June at $105.2 million from $164.7m last year, on the back of bumpy trading across its tourism and forestry interests.While returns across farming, seafood, honey, tourism and properties came in at $320.3m, that was whittled back by operating expenses of $115.8m and a $9.2m reduction in the share of the surplus from association and joint ventures.That saw a net operating surplus, before tribal activities, tax, revaluations and other items at $44.3m, from $51.2m the prior year.Factorin...

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