New Zealand utilities and airport investor Infratil posted a 12 percent rise in full-year profit on Tuesday due to improved revenues.
The company, which owns Wellington airport, said its adjusted profit after tax for the year to March 31 was NZD$134 million (USD$105 million) from NZD$120 million a year ago.
Group net profit rose 6 percent to NZD$127 million.
Earnings before interest, tax, depreciation, amortisation and financial instruments (EBITDAF) rose to NZD$520 million from NZD$471 million.
It said it expected EBITDAF for the coming financial year to rise to between NZD$530 million to NZD$560 million.
The company declared a dividend of 5 cents per share from 4.25 cents a year ago.
Higher profits reflected gains in Infratil's portfolio holdings, including electricity generator and retailer Trustpower.
Infratil also holds interests in Z Energy, the New Zealand downstream assets of oil giant Shell which includes more than 220 fuel stations and a stake in New Zealand Refining, the nation's sole refiner, jointly purchased with the state pension fund in 2010.
Other assets include New Zealand Buses, the country's biggest public transport provider, Australian energy companies, and Wellington airport in New Zealand.
It has put its interests in two British airports up for sale.
