Profit boost for Contact Energy

Last updated 09:07 18/02/2014
CEN 6.160 0.05 0.82%
CEN

Click for a detailed chart

Relevant offers

Industries

Rob Strickland's third Edifice company in receivership Couriers charging for absence Finzsoft awaits Silverlake Axis offer Spark, Vodafone confirm trans-Tasman cable plan Arvida slips after NZX debut at 97c NZ GDP grew 1 per cent, beats expectations Trends Publishing defends $332K Callaghan grant Kirkcaldies' boss John Milford to head Business Central Lines company may sell BOP investment Connor reapplies for takeover approval

Contact Energy has posted a half-year net profit of $112 million, up 27 per cent from the same period last year, despite tight competition in the market.

The result was boosted by higher than normal hydro inflows, avoiding the need to run expensive thermal generation.

Shareholders will receive an unchanged interim dividend of 11 cents per share, which represents 83 per cent of Contact's underlying earnings after tax.

More to come

Ad Feedback

- Fairfax Media

Special offers

Featured Promotions

Sponsored Content