Rangatira lifts FY guidance, pushes on with plans to boost liquidity

Tue, 09 Apr 2013

April 9 (BusinessDesk) - Rangatira, the Wellington-based investment company, lifted its guidance for full-year earnings growth, reflecting a stronger performance from businesses such as small goods maker Hellers and Auckland Packaging. Growth in operating earnings in the year ended March 31 probably exceeded its earlier forecast of 10 percent to 20 percent, the company said in a statement. Operating earnings in 2012 fell 21 percent to $7.7 million, reflecting the sale of Dunlop Living and Tecpak Industries. “Across the board, most of our com...

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