Forecast for Financial Year 2019/2020

The Raukawa ki te Tonga AHC Directors anticipate a volatile Financial Year 2019/2020 given the following factors:

• Equity markets are currently at all-time highs;
• Interest rates are lower than experienced in many decades; and
• Considerable political uncertainty in major financial markets with BREXIT, the upcoming US Presidential Election, unrest in Hong Kong, and a General Election in New Zealand.

Accordingly, the Board have budgeted conservatively and are forecasting a modest net profit for the current financial year ending 30 September 2020.