APA Group FY profit soars

Group says portfolio acquisitions, diversity will enable future growth.

APA Group (APA) says its recent acquisitions will enable continued growth in the coming year, as it reported a rise in full-year profit.

The gas and infrastructure group’s statutory net profit for the 12 months to June 30 lifted 129% to $298.8 million, largely on the back of one-off items related to its Hastings Diversified Utilities Fund purchase.

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