New Zealand’s Tower exhausts NZ$39.5mn of annual NZ$50mn large-event budget
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New Zealand’s Tower exhausts NZ$39.5mn of annual NZ$50mn large-event budget

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New Zealand carrier Tower Limited has pegged large-events costs following the May Auckland floods and cyclones Judy and Kevin at NZ$39.5mn ($27mn).

The losses leave NZ$10.5mn of the carrier’s NZ$50mn large-events allowance for the remainder of the year to 30 September 2023.

The

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