Tip:
Highlight text to annotate it
X
Te Runanga o Ngapuhi are trumpeting a 15.5% asset growth
which they say will allow for greater development
and cultural advancement of the tribe.
Ngapuhi's assets have risen in value from $43 million to $50 million,
with total net profits up on last year to $6.7 million.
Chairman Sonny Tau says the results are excellent
considering Ngapuhi are yet to secure a treaty settlement,
and the rise is in spite of Northland's weak economy.
Ngapuhi have five property investments in Kaikohe
but is looking to invest in other locations
and other business opportunities.