Contact Energy mulling capital return to shareholders

Mon, 18 Aug 2014

By Pattrick Smellie Aug. 18 (BusinessDesk) - Contact Energy directors are actively considering a capital return to shareholders as the company emerges from a five year, $2 billion programme of investment in new power stations and IT systems and enters a period of increasingly strong positive cash flow. The company's chief financial officer, Graham Cockcroft, confirmed at a media briefing on today's announcement of a 17.6 percent increase in profit to $234 million for the year ended June 30 that "the board is considering it (a capital ret...

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