Rangatira holds first-half dividend at 20 cts

Sun, 07 Dec 2014

Dec. 8 (BusinessDesk) - Rangatira, the Wellington-based investment group, kept its first-half dividend unchanged at 20 cents a share after posting a drop in first-half profit that mainly reflected the year-earlier sale of its stake in Contract Resources. Profit was $3.9 million in the six months ended Sept. 30, from $30.8 million a year earlier, which included $29.7 million in gains from asset sales, the Wellington-based company said in a statement. Operating earnings climbed to $2.8 million from $1.8 million, and the company said it expe...

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