Infratil forecasts FY growth

Company News

Dual-listed Infratil (ASX:IFZ) has forecast earnings of between $415 and $435 million in the 2011 financial year.

The energy and transport company says it expects Infratil Energy Australia to contribute $45 million in the current financial year.

Legacy gas contracts are likely to mean Infratil Energy Australia's fiscal 2012 earnings will be lower than fiscal 2011, but 2013 is forecast for a marked increase, by which time its gas position will be in balance.

Infratil says it expects that the 2011 financial year will see strong internal investment and a strong pipeline of development and upgrade projects.

In the six months to 30 September 2010, Infratil recorded a net profit of $33 million.

 


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