Profit boost for Contact Energy

Last updated 09:07 18/02/2014
CEN 5.130 -0.03 -0.58%
CEN

Click for a detailed chart

Relevant offers

Industries

We won't own cars any more - we'll share them, forecasts Toyota NZ boss Pound falls to 30-year low against US dollar amid anti-global sentiment Maersk shipping line changes NZ route Revamped Smith's City pushes into profitable Auckland International hotel Sofitel Wellington fights $350k development fee - and succeeds Taranaki engineers need to 'get creative' to survive Fiat Chrysler accused of concealing defect in Jeep Grand Cherokee Countdown harnessing the skills of older workers Duncan Garner: Tax the tourist tsunami and give us citizens a break APN settles New Zealand tax dispute with Inland Revenue

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