Rangatira Investments operating profit rises by almost a third, Polynesian Spa benefits from tourism boom

Tue, 29 Nov 2016

By Edwin Mitson Nov. 29 (BusinessDesk) - Rangatira Investments, which owns stakes in small and medium-size businesses including the Hellers smallgoods maker, the Tuatara brewery and the Rainbow's End theme park, says operating profit for the six months ended Sept. 30 rose 29 percent to $4 million. Net profit was $5.9 million, almost double the previous period's $3.1 million, the Wellington-based company said in a statement. However, that includes a $1.9 million gain from the sale of investments in publicly traded companies. Chairman Da...

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