By David WinningSYDNEY--New Zealand investment company Infratil said it expects another year of earnings growth, as it builds on momentum provided by assets including CDC Data Centres and the post-pandemic travel recovery at Wellington Airport. Infratil said it expects proportionate earnings before interest, tax, depreciation, amortization and financial derivative movements of between 570 million New Zealand dollars (US$357.4 million) and NZ$610 million in the 12 months through March, 2024. At the midpoint of the forecast range, that would growth of 11% on the NZ$531.5 million Ebitdaf reported by Infratil for the 2023 fiscal year. Chief Executive Jason Boyes said Thematic tailwinds continue to provide valuable options for growth across Infratil's portfolio. "Data demand and connectivity growth is showing no sign of slowing, which also creates further unique investment opportunities in this sector."

Source: Wall Street Journal May 21, 2023 21:12 UTC