Rangatira full-year operating earnings rise 23%, raises dividend

Wed, 08 Jun 2016

June 8 (BusinessDesk) - Rangatira, the diversified investor whose shares trade on the Unlisted platform, posted a 23 percent gain in full-year operating earnings and raised its final dividend. Earnings rose to $11.5 million in the year ended March31, from $9.2 million a year earlier, the Wellington-based company said in a statement. Net profit jumped to $50.2 million from $13.7 million and included a $36.3 million gain from the revaluation of its stake in smallgoods maker Hellers, which has been consolidated as a subsidiary. "Our return w...

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