5 Apr 2011
Infratil Monthly Operational Report March is available here.
Operational and financial performance has largely been in accord with forecasts. Critically for ongoing performance, investment activities continue to be very positive. At the Infratil investor day CEO Marko Bogoievski updated guidance for FY11.
2010/11's notable investment events included the opening of Wellington's new international airport terminal, the acquisition of a 50% interest in Greenstone Energy and the commissioning of the Kwinana Power Station and the Mahinerangi Wind Farm.
Looking forward it is expected that FY12 will be another year of strong internal investment at Infratil's businesses. In-house investment is a crucial part of Infratil's strategy and the strong pipeline of development and upgrade projects is consistent with delivering target returns to shareholders over the medium term.
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