8 Nov 2008

Iwi's record annual operating result

12:46 pm on 8 November 2008

The South Island's richest tribe has reported a record annual operating result.

Ngai Tahu's commercial arm, Ngai Tahu Group Holdings, has announced a net surplus of $58.2 million.

There's been an increase of more than $10 million over last year's result.

The Group says a stand-out performer has been Ngai Tahu Seafood.

The subsidiary contributed $12.6 to the operating surplus - the best ever performance.