Contact says earnings ahead of last year, eyes geothermal options

Mon, 05 Nov 2018

By Gavin Evans Nov. 6 (BusinessDesk) - Contact Energy says its operating earnings during the past four months are ahead of last year. The company, which has simplified its business to improve its retail and generation margins, generated 3,158 GWh of electricity in the four months through October, about 8 percent more than the year before. Average prices for that output were 55 percent higher at $133.42 per megawatt hour. The company’s earnings before interest, tax, depreciation, amortisation and changes in financial instruments in t...

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