Contact posts little changed full-year earnings, beginnings of retail turnaround

Sun, 14 Aug 2016

By Pattrick Smellie Aug. 15 (BusinessDesk) - Contact Energy, the electricity and gas provider, posted little-changed full-year operating earnings amid signs that electricity demand is starting to grow after a long period of decline and that its investment in technology to gain and retain customers is starting to show returns. Earnings before interest, tax, depreciation, amortisation and changes in the value of financial instruments (ebitdaf) were $523 million, down 0.4 percent on the previous year's result, on revenue of $1.51 billion, a...

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