Infratil in the red on management fees, debt costs
Investment company reports operating earnings up 14% to $986m, driven by data centre performance.
Infratil chief executive Jason Boyes.
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
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