Profit boost for Contact Energy

Last updated 09:07 18/02/2014
CEN 4.930 0.00 0.00%
CEN

Click for a detailed chart

Relevant offers

Industries

Daylight saving a 'non-event', especially compared to school holidays, EMA says Hewlett-Packard draws the line on 'non-genuine' printer cartridges Hawke's Bay's Elephant Hill winery founder Roger Weiss dies in Germany 10 charges laid over Nurofen by Commerce Commission Milford Asset Management manager was 'under pressure' - FMA Willis St office floor an affordable CBD opportunity Kapiti Coast land and buildings, leased by Countdown Otaki, sells for millions H&M criticised over garment factory workers' conditions Nigel Latta: The NZ paradox - why are we poorer despite doing everything right? Cargo, container increase drives Port Nelson $18 million operating profit

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