5 Dec 2011
Infratil Monthly Operational Report October is available here.
Infratil’s six month result to 30 September 2011 was announced, the webcast and presentation is available here. The interim report is available here and will be mailed to share and bond holders this week. The result was characterised as “no surprises” by analysts and none of the six brokers that follow Infratil changed their ratings.
The full year earnings guidance was reaffirmed at the same level given back in May.
The earnings outcome resulted in determination of a 3 cps interim dividend, an increase of 20%.
Infratil's goal is to provide its bond holders with a safe income and its shareholders with a high, risk-adjusted, return from dividends and capital appreciation.
In November Infratil opened an issue of 8% bonds maturing November 2017. The issue was primarily to refinance bonds which matured in November 2011 and to maintain the long-term profile of Infratil's liabilities. The issue is receiving the support of investors.
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