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.