12 Nov 2014

Infratil 'more likely' to invest in Australia

8:36 am on 12 November 2014

Infratil is still on the hunt for new opportunities, but is more likely to invest its cash in Australia than in New Zealand.

The $336.7 million gain on the recent sale of IEA its Australian energy assets drove net profit up 73 percent in the six months ended September.

Infratil now has over $600 million on deposit with its banks and plans to return at least $14 million to shareholders over the next few months.

Infratil's Tim Brown said the company may return even more funds to shareholders if its investment plans do not work out over the next three to six months.

Get the new RNZ app

for ad-free news and current affairs