Ngāi Tahu posts turnaround record $240m profit
The iwi investment arm cut costs and benefited from property valaution gains.
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South Island Iwi investment arm Ngāi Tahu Holdings returned to the black in the year ended June 30, posting a $240 million profit, a turnaround on a significant loss in the previous financial year.
The iwi posted a $25.6m loss in the 2020 financial year , driven by exposure to tourism businesses
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