Graham CrombieThe Dunedin City Council's group of companies have posted another $3.8million profit, but there is still no sign of an immediate resumption in the flow of dividends to the council's coffers. It was announced yesterday the Dunedin City Holdings Ltd group had recorded a six-month after-tax surplus of $3.8million for the period ending December 2017. The result was down slightly from the corresponding period in the previous year, when DCHL recorded an after-tax surplus of $4.86million. DCHL had predicted a gradual increase in dividends to the council again, from $946,000 in 2017 to $1.3million by 2018-19. Delta's after-tax surplus was $1.67million, down from $1.84million, while Aurora's was $3.15million, down from $4.03million.

Source: Otago Daily Times February 28, 2018 16:07 UTC