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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.

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