Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Infrastructure
Summerset sees no underlying earnings growth in 2020
Summerset reported an 8 percent lift in its underlying profit in calendar 2019 but isn’t expecting any growth this year - for the first time since listing - because it is paying its workers more and development margins are falling.The retirement village operator and developer sai...
Infrastructure
Mercury cuts guidance on dry conditions
Mercury NZ trimmed its full-year earnings guidance by $10 million, citing declining hydro-electric water storage in the North Island.The elecricity generator and retailer, which today reported a 15 percent slide in first-half operating earnings, said it expects full-year earnings...
Infrastructure
Rio Tinto reports $46.2m loss at Tiwai Point
Rio Tinto reported a $46.2 million underlying loss from its New Zealand aluminium smelting interests in 2019 - despite near-record production.The company owns 79.4 percent of the Tiwai Point aluminium smelter, which produced 353,293 tonnes of saleable metal last year, the most si...
Infrastructure
Chorus signals higher dividends as UFB build nears end
Chorus has signalled plans to pay bigger dividends after an extended period of constrained returns while it built the bulk of the country’s fibre network.The telecommunications network operator today lifted annual earnings guidance, in part because of its efforts in cutting costs...
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Oliver Lewis
Infrastructure Editor
Oliver Lewis won the local government reporting category at the 2023 Voyager Media Awards. He is part of our investigations unit and also covers infrastructure, housing and employment issues. Formerly with Stuff/The Press, Oliver has also written for the Guardian and North & South.
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