18 May 2016

Infratil profit up after selling Z energy, iSite

2:43 pm on 18 May 2016

Utilities investor Infratil has reported a higher full-year net profit after selling its stakes in Z Energy and iSite Media.

Its profit in the year to the end of March climbed to $496 million, compared to $466m in the previous period.

The company's underlying earnings from continuing operations - which include Trustpower, Wellington Airport, NZ Bus and Metlifecare - rose 2.5 percent to $462m.

It will pay a higher dividend of 9 cents per share next month.

Infratil expects its underlying earnings to rise modestly in the new financial year.

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