Hellers on the rise

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Rangatira full-year operating earnings rise 23%, raises dividend

As noted in a recent NBR article, "Earnings rose to $11.5 million in the year ended March 31, from $9.2 million a year earlier, the Wellington-based company said in a statement. Net profit jumped to $50.2 million from $13.7 million and included a $36.3 million gain from the revaluation of its stake in smallgoods maker Hellers, which has been consolidated as a subsidiary." Read more

We are glad to see Rangatira enjoying the success of backing Hellers as much as we have enjoyed partnering with them over the last twelve years.