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Christchurch Airports non-aero focus pays off in challenging year

Christchurch International Airport Ltd (CIAL) reported a 2.2%

lift in net income, boosted by investment property revaluation gains of NZD4.1

million (following the adoption of international financial reporting standards).

Excluding these gains and the impact of a change in the deferred tax rate to

30%, the company’s net profit for the period would have fallen 21%.

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