Contact Energy's King hints at greater returns as cash mounts

Tue, 16 Oct 2012

Oct 17 (BusinessDesk) - Contact Energy chairman Grant King has hinted at the possibility of a capital return or higher dividends to shareholders as the company ends a five-year period of capital investment and looks to a future with large, uncommitted cash flows. King, who is also managing director of Contact's 51 percent shareholder Origin Energy, indicated his dissatisfaction with Contact's performance over recent years, as economic contraction slowed demand for electricity, wet weather felled wholesale power prices, and the company was caug...

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