WELLINGTON, Nov 17 (Reuters) - New Zealand infrastructure investor Infratil
Ltd. on Monday reported a halving in first half net profit, because of a fall in
derivative values.
Infratil's profit after tax was NZ$7.3 million ($4 million) in the six
months to Sept. 30, compared with NZ$14.5 million a year earlier.
Infratil shares last traded down 1.1 percent or two cents at NZ$1.82. So
far this year the stock has lost 35 percent compared with a 31 percent drop in
the benchmark NZSX-50 index.
The company declared an unchanged dividend of 2.5 cents.
The company has a majority stake in power company TrustPower, and owns
Glasgow Prestwick, Kent International and Lubeck airports, two-thirds of
Wellington International Airport and a small stake in Auckland International
Airport Ltd.
Its other investments include New Zealand Buses Ltd, the country's
biggest public transport provider, and stakes in Australian power generators and
retailers.
($1=NZ$1.81) Keywords: INFRATIL/RESULTS
(Wellington newsroom tel 64 4471 4234, fax +64 4 4736 212,
wellington.newsroom@reuters.com)
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