AUSTRALIA

APA boost earnings on back of HDF takeover

APA Group's acquisition of Hastings Diversified Utilities fund is looking like a better idea this morning, with the pipeline group telling the market it has increased its earnings before interest, tax, depreciation and amortisation forecast for the 2013 financial year by roughly 22%.

James McGrath

APA boost earnings on back of HDF takeover

It hiked its forecast from the $540-$550 million range to a new guidance in the $660-$670 million bracket on the back of an increase in value of its original 20.7% stake in HDF. APA held the stake prior...

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