Lower profits for Infratil

Infratil says full-year profit will be at the low end of forecasts. Operating income last year was $356 million, and in March was projected to increase this year by between 5 per cent and 12 per cent.

TrustPower, Wellington Airport and New Zealand Bus are performing to forecast, while Infratil Energy Australia is at the lower end of its forecasts and the European airports look likely to slightly under-deliver.