Profit boost for Contact Energy

Last updated 09:07 18/02/2014
CEN 5.390 0.04 0.75%
CEN

Click for a detailed chart

Relevant offers

Industries

Auckland Council will no longer buy land for parks, will rely on developers to provide them Woolworths Australia tipped to sell Ezibuy as part of restructure Australian parent Woolworths closes six Countdowns House prices could fall 11 per cent by late 2019, as building catches up: Infometrics Woolworths Australia to close dozens of stores, cut 500 jobs McKinsey Global Institute: a different look at income inequality HD version of Freeview's satellite television service on the horizon Wellington student accommodation blocks for sale Ivanka Trump on her 'amazing' father and building her own brand Fraud crackdown gets software upgrade as NZ software company Auror expands in Australia

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