Higher interest costs, impairments and management fees offset improved operating earnings to drag investment company Infratil into a loss of $261.3 million for the year to March.
The costs included fees payable to management company Morrison of $456.2m, up from $214.6m a year earlier.
In a statement
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
