11 Jul 2012
Infratil Monthly Operational Report is available here.
Infratil’s Annual Report for the year ended 31 March 2012 is available here.
The Annual Report includes forward-looking statements for EBITDAF, interest, cashflows and capital spending for the year to 31 March 2013. Infratil is in a position to provide guidance because its businesses operate in relatively stable markets and projected growth is largely based on previously completed investments or initiatives.
With about a quarter of the year concluded operating conditions are, on average, in-line with expectations. While "average" means overs and unders are in balance, none of the divergences has been remarkable.
The review of Infratil's 81% interest in Perth Energy is still underway as is the process to sell Infratil's 100% interest in Glasgow Prestwick and Kent Manston airports.
Z Energy has announced a new seven year, senior and secured that bond issue to extend the term of its funding. This is only the second corporate bond issue opened this year! TrustPower may follow to refinance $100 million of bonds maturing in September.
© Copyright Infratil