“The CDC data centre's doing well, Vodafone's tracking sideways, Trustpower if you exclude those derivatives is tracking well, Wellington Airport of course [suffered due to] Covid so that's down, Longroad is down and corporate expenses are up."
Manager Morrison & Co took $223m in fees, in part a reflection of Infratil's increase in share price, Sullivan said.
It was an eventful year for Infratil, during which its Wellington Airport asset was closed for a long period, it received two unsolicited takeover offers and veered into diagnostic healthcare.
SIMON O'CONNOR/Stuff
Waipipi, a nearly finished wind farm in South Taranaki, is owned by Tilt Renewables, which has recently been sold by Infratil and other shareholders for nearly $3b. The buyers included Mercury Energy.