OPERATIONS

APA profits ahead of guidance

SHOULD Cheung Kong Infrastructure Holding's takeover offer for APA Group be approved by both the Australian government and the pipeliner's shareholders it will inherit a company in rude financial health with a lot of immediate growth.

Helen Clark

Still no word on proposed CKI takeover as APA Group posts profits

APA's EBITDA stood at A$1.5 billion for the year ending June 30, up 3.3% over the previous corresponding period. Net profit after tax was $264.8 million, up 11.8% and operating cash flow was just...

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