16 WAIKATO BUSINESS NEWS <strong>July</strong>/<strong>August</strong> <strong>2017</strong> ‘Record year’ says <strong>Waikato</strong> Tainui <strong>Waikato</strong>-Tainui is reporting a record year of results and growth, highlighted by the return of the sacred land of Rangiriri Paa. Maxine Moana-Tuwhangai, chairman invested over time. pacts, with the remainder to be of the tribal authority Ms Moana-Tuwhangai said Te Whakakitenga o <strong>Waikato</strong>, said the <strong>2017</strong> financial year had shown good progress with a net profit of $137.8 million, an increase in tribal wealth by $128 the tribe’s strategy to develop strong and mutually beneficial partnerships with key organisations was also a factor in its overall progress. million to $1.07 billion, and “The <strong>Waikato</strong> Raupatu record distribution alongside achievements in the delivery Lands Trust, <strong>Waikato</strong> Raupatu River Trust, <strong>Waikato</strong> Endowed ofsocial, cultural and environmental Colleges Trust and Tainui value. “<strong>Waikato</strong>-Tainui is implementing a range of programmes to support the vision our tuupuna Group Holdings are working closely with a range of government, business, iwi and community partners to help achieve had for the success and well- our objectives. We believe ness of our people today, our strongly in the principle that Tainui and Auckland Airport’s mokopuna of tomorrow, and supporting others enables us all planned Pullman Novotel. our whenua and awa,” said Ms Moana-Tuwhangai. “The <strong>2017</strong> financial year is significant for the progress to succeed and I acknowledge all of those partners we have working with us today.” Rukumoana Schaafhausen, our communities, as does our continuing investment in the idend of $16 million plus a further special dividend of $6 million, for a total dividend of $22 made in important areas such chairman of the tribe’s executive committee Te Arataura, Partnerships, education of our people.” as supporting our marae, revitalising our <strong>Waikato</strong> reo and said the return of Rangiriri Paa ments, and a vibrant business The value of assets owned SAVE asset invest- million,” said Sir Henry. NOW tikanga, growing our tribal estate, resolving affordable in <strong>August</strong> 2016, achieving the environment had contributed by the tribe and managed by SAVE housing challenges, educating our education grants and scholar- Tainui Group Holdings (TGH). balance date of 31 March <strong>2017</strong>, milestone of more than 10,000 to record NOW financial results for TGH was $855 million at the members, and enabling career ships since 1995, and the doubling of the annual marae grant van der Heyden, said for the the past 12 months (due to the TGH chairman, Sir Henry on a decrease our of $54 million over Nissan and job opportunities,” she said. were special highlights. first time in its history the company sale of a half share of The Base The tribe’s goals for the on “The cultural, our spiritual and Nissan was reporting a net profit and repayment of debt). Return development of its people had historical significance of Rangiriri cannot be understated and single year. The of more than $100 million in a on Investment was 17.2 percent, taken a major step forward with BULK net profit was up 9.8 percent from the 2016 BUY the commitment of significant its return has begun the healing comprised of both cash and significant increases in asset valulion or 14.2 percent of total as- year. Total debt was $123 mil- funds towards the key areas of of a mamae that is more than housing, land purchases and BULK revitalisation of <strong>Waikato</strong> reo and “Additionally, the signifi- “The record net profit of at the balance date last year, and 150 years old,” she said. ations. BUY sets, compared to 27.2 percent tikanga. Some of this funding, cant increase in annual grants $114.8 million and TGH’s Equity grew to $660 million, an which totals $57.5 million, was to our marae is a development strong financial position have increase of $91.2 million over Construction has started on Tainui Group already making positive im- that will see tangible rewards in enabled us to pay a record div- the past 12 months. Holdings’ Inland Port at Ruakura. 2013 NISSAN X-TRAIL WAGON NISSAN X-TRAIL WAGON $29,990 DRIVEAWAY 11 only Range of colours Brand New Pre-Registered. Be Quick! Delivery kms only 4,000 DRIVEAWAY $33,990 $ FACTORY BONUS! 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