DWC’s investments had a strong start to the financial year with April and May’s equity returns equalling the full year’s budget. The net surplus to the end of May was $2.5m above the budget for the period. However, preliminary results for June show that the strong NZ dollar has reversed many of these gains.

The audit of the DWC’s 2016 annual accounts is almost complete and the Annual Report will be released at the Annual Public Meeting, which will take place in Hokitika at 7pm on 30 August 2016.