Struggling Kiwirail to explain poor results
Troubled Government-owned rail operator Kiwirail may reveal whether it's any closer to running without support when it reports on its 2015 results.
Kiwirail has struggled to meet income targets set in a 10-year, $1 billion turnaround plan and a public meeting today may give an idea of how big the gap is, as well as provide insights into the company's direction.
It produced improved figures in its year-to-June figures, significantly up on 2013-14. But the Government said it expected to keep pouring $200 million a year into the business to keep it going.
Difficulties the rail operator face include possible shrinking income from major freight client Solid Energy, which is undergoing a selldown.
During May's budget, Finance Minister Bill English warned the current level of support was not sustainable and KiwiRail had to improve its performance.