Profit boost for Contact Energy

Last updated 09:07 18/02/2014
CEN 5.600 0.00 0.00%
CEN

Click for a detailed chart

Relevant offers

Industries

Property shortages pushing up prices Southern employers say welcome back to Nats Bank eyes new tool on mortgages Westpac KiwiSavers lose default status No guts, no glory for Xero boss Smarts drive Air NZ success Broker's View: Restaurant Brands Port takeover highlights confusion on valuations Taking hoki up a notch Haka's tourism strategy pays off

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