CORRECT: Genesis Energy ups dividends as free cash flow increases

Mon, 24 Aug 2015

(CORRECTS Ebitdaf figure in third paragraph) By Pattrick Smellie Aug. 25 (BusinessDesk) - Genesis Energy became the latest electricity company to increase its distributions to shareholders as it reported a 113 percent increase in net profit of $104.8 million on marginally increased revenues of $2.1 billion in the year to June 30. Chair Jenny Shipley said in a statement the board was "satisfied" with a "strong" performance from Genesis, the country's largest electricity and gas retailer, in its first full year of operation since being p...

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