Infrastructure
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Infrastructure
Fletcher profit down 8%; Rocla for sale
Fletcher Building said first-half net profit fell 8 percent on Australian restructuring costs and as its markets in Australia contracted.Net profit fell to $82 million for the six months ended December compared with $89 million in the same six months a year earlier. The company s...
Infrastructure
Spark profit climbs 9.2% on bigger mobile share
Spark New Zealand lifted first-half profit 9.2 percent as it made inroads into the increasingly valuable mobile market, and continued to benefit from a cost-cutting drive.Net profit rose to $167 million in the six months ended Dec. 31, from $153 million a year earlier. Earnings b...
Infrastructure
Trustpower trims guidance on lower prices, generation
Trustpower has trimmed its full-year earnings guidance by as much as $20 million, citing lower wholesale electricity prices and a reduction in expected generation from its hydro stations.The company is expecting earnings before interest, tax, depreciation, amortisation and change...
Infrastructure
Augusta to delay tourism fund, annual AFFO to fall up to 45%
Augusta Capital said it has decided to defer the launch of its tourism fund until the 2021 financial year and therefore its adjusted funds from operations for the year ending March may be as much as 45 percent lower than the previous year."Augusta now expects adjusted funds from...
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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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