Rangatira’s profit falls on valuation downgrades
The investment company owns Rainbows End, Polynesian Spa and Mrs Higgins.
Rangatira Investments has seen its annual profit plunge 120%, with the valuations of its companies hit by impacts from Covid-19.
The Wellington-based investment company, which is listed on the USX, reported net profit after tax of -$1.3 million in the year to March 31, down from $6.6m the year
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