13 Sep 2012

Profit reported by council agency

12:29 pm on 13 September 2012

Auckland Council Investments has announced its first full year result.

The agency owns about $1.5 billion worth of assets, including a stake in Auckland International Airport Ltdand has full control of Ports of Auckland.

ACIL's profit was $30.6 million in the 12 months to the end of June.

Its overall surplus was $84.1 million after its airport shares increased in value and the port performed well.