Dividends boost fund

Dividends from Ports of Auckland and Northern Disposal Systems (NDS) have boosted Infrastructure Auckland's war chest to $815 million but grant applications have been delayed.

Chairman John Robertson said only $4.9 million of grants were approved last year. He expected a far greater level this year as there was a long pipeline of applications from local authorities.

The pre-tax surplus was $60.6 million, swelled by a $15.9 million dividend from Ports of Auckland, $12.2 million from NDS and net investment income of $16.4 million.

The major investment holdings were equities, which fell in value to $488 million from $599 million a year ago, and cash and fixed interest instruments, which rose from $271 million to $321 million.

The equity investments are 80% of Ports of Auckland and 100% of NDS and Americas Cup Village Ltd.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Rua Bioscience Market Update
FSF - Fonterra announces interim leadership changes
April 29th Morning Report
NZK - Blue Endeavour Pilot Farm and Wellboat Update
TRU - FY 31 March 2026 Revenue and Results Guidance Achieved
FBU - Fletcher Building sale of Fletcher Reinforcing and Wire
April 28th Morning Report
RYM - Ryman Healthcare appoints new independent director
ikeGPS 4Q FY26 and Full Year FY26 Performance Update
HGH - Heartland trading update