Despite the economic turmoil of global markets and the short-term devaluation of property due to the recent Christchurch earthquakes, the corporation had delivered an increase in its operating net profit, showing that the cash returns and financial position of the iwi were strong, he said.
The net profit of the corporation increased by $1.77 million to a record of $37.3 million and the assets under management of the group increased by $13.15 million to $666.38 million.
Assets under management by the Te Runanga Group increased to $730.5 million.
Shareholder equity increased by $23.5 million to $519.06 million - breaking the $500 million barrier for the first time, Mr Solomon said.
"I want to thank the exceptional effort made by all commercial and tribal staff in the past year. Our people have really stepped up and I include all our stakeholders, our various board directors, management and staff, particularly those living in Canterbury who have simply got on with the job while the earth has been shaking around them."
Mr Solomon said he was proud of the results. The net profit was able to support a significant distribution of funds for tribal and social development through the year.
Corporation chairman Trevor Burt said much of the success could be attributed to the fact the tribe continually looked to invest in a broad range of businesses as well as to recent efforts to move away from assets not returning best results.
Making investment decisions that delivered superior results in the best interests of the owners was essential in creating a sustainable long-term future for the iwi.
Those decisions were also benefiting local regions and the economy of New Zealand, he said.
Chief executive Greg Campbell said he always knew that the tribal investments were strong but the ability to produce positive results when times were tough was a true indicator of their worth.
"We have great investments in the seafood, property, tourism and retirement industries and more recently, we have been looking to invest in another key industry - agriculture. The diversity of our portfolio has proven its worth in 2010-11."
The results also showed how earlier moves away from less profitable businesses had paid off. He commended Ngai Tahu Seafood which had gone through some significant changes and produced another record result.
The higher returns of some businesses had compensated for those areas where the global economic situation and the earthquakes had made a larger impact, Mr Campbell said.
