Infratil's (NZE:IFT, ASX:IFT) investment in Longroad Energy and Galileo saw an increase in value over the three months to Sept. 30, according to Thursday filings with the Australian and New Zealand bourses.
The company's 37.7% stake in Longroad rose $133 million from June 30 to $1.32 billion, the filing said.
Its 38% stake in Galileo rose 2 million euros to 170 million euros, the filing added.
However, the company's 52.7% investment in RHCNZ is now valued at NZ$618 million, down from NZ$689 million in March.
Shares of the company rose 1% in recent Thursday trade in New Zealand.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments