Post by Kiwi Frontline on Jul 19, 2017 18:16:20 GMT 12
POST-SETTLEMENT IWI MAKING STRONG RETURNS
Post-settlement iwi making strong returns with capacity to
increase growth further
An extensive financial analysis of 31 post-settlement iwi/hapū shows all recorded a positive profit on commercial assets in the last reported year, with an average return on assets of 8.2%.
“In unique and challenging circumstances iwi are demonstrating their ability to balance risk and reward to deliver strong commercial outcomes” ANZ Head of Māori Relationships David Harrison said.
By comparison, New Zealand’s 30 largest listed companies had an average return on assets of 7.7% and our five largest listed property trusts an average of 5.6% for the same period.
www.scoop.co.nz/stories/BU1707/S00483/post-settlement-iwi-making-strong-returns.htm
Post-settlement iwi making strong returns with capacity to
increase growth further
An extensive financial analysis of 31 post-settlement iwi/hapū shows all recorded a positive profit on commercial assets in the last reported year, with an average return on assets of 8.2%.
“In unique and challenging circumstances iwi are demonstrating their ability to balance risk and reward to deliver strong commercial outcomes” ANZ Head of Māori Relationships David Harrison said.
By comparison, New Zealand’s 30 largest listed companies had an average return on assets of 7.7% and our five largest listed property trusts an average of 5.6% for the same period.
www.scoop.co.nz/stories/BU1707/S00483/post-settlement-iwi-making-strong-returns.htm