Wiri prison operator narrows full-year loss, doubles dividend

Jonathan Underhill
Tue, 15 Nov 2016

By Jonathan Underhill Nov. 16 (BusinessDesk) - SecureFuture Wiri Holdings, which has the contract for the Auckland South Corrections Facility, narrowed its full-year loss while managing to double its dividend payment. The loss narrowed to $1.6 million in the year ended June 30,  from a loss of $7.5 million a year earlier. Revenue fell 27 percent to $41 million but costs fell by about 40 percent to $33 million, resulting in a gain in gross profit of about $7.2 million. SecureFuture Wiri, which is owned by InfraRed Capital Partners, John...

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