Post by Kiwi Frontline on Dec 13, 2016 16:33:37 GMT 12
DELIVERING EXCELLENT RESULT FOR IWI
Ngāti Whātua Ōrākei Whai Rawa Limited, the commercial subsidiary of the Ngāti Whātua Ōrākei Trust, has today released its Annual Report for the year ended 30 June 2016 showing:
* A total investment portfolio value of $888.6 million (a 22% increase on FY15).
* Total revenue of $49.3 million.
* Net profit before taxation and revaluation of investment property of $13.2 million (an increase of $10.5 million on FY15).
Since 2013, Ngāti Whātua Ōrākei Whai Rawa Limited has:
* Made cash distributions to the Ngāti Whātua Ōrākei Trust and Whai Maia of $15.8 million;
* Increased total assets by 64% from $554 million to $907 million;
* Increased equity by 97% from $315 million to $622 million; and
* Contributed well in excess of $20 million to housing initiatives....
www.scoop.co.nz/stories/BU1612/S00462/delivering-excellent-result-for-iwi.htm
Ngāti Whātua Ōrākei Whai Rawa Limited, the commercial subsidiary of the Ngāti Whātua Ōrākei Trust, has today released its Annual Report for the year ended 30 June 2016 showing:
* A total investment portfolio value of $888.6 million (a 22% increase on FY15).
* Total revenue of $49.3 million.
* Net profit before taxation and revaluation of investment property of $13.2 million (an increase of $10.5 million on FY15).
Since 2013, Ngāti Whātua Ōrākei Whai Rawa Limited has:
* Made cash distributions to the Ngāti Whātua Ōrākei Trust and Whai Maia of $15.8 million;
* Increased total assets by 64% from $554 million to $907 million;
* Increased equity by 97% from $315 million to $622 million; and
* Contributed well in excess of $20 million to housing initiatives....
www.scoop.co.nz/stories/BU1612/S00462/delivering-excellent-result-for-iwi.htm