Subscribe today - find out more
Why you should consider BusinessDesk

Auckland growth fuels Vector profit

Ian Llewellyn
Tue, 24 Aug 2021

Ian Llewellyn
Tue, 24 Aug 2021
Auckland electricity and gas network company Vector has reported higher earnings and profit, despite the regulated parts of its distribution business having its allowable revenue cut.For the financial year ending June 30, Vector recorded adjusted earnings before interest, tax depreciation and amortisation (ebidta) of $513.5 million.This was up $23.5m, or 4.8%, on last year’s result and is in line with guidance provided at the half-year result.Group net profit after tax was $194.6m, or $97.3m higher than the prior year’s result due t...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

400 trainee pilots allowed into NZ
Brent Melville | Sat, 23 Oct 2021

Pilot trainees will make up 40% of the latest cohort of international students allowed in from mid-2022, with an assumption that tight border rules will still be in place.

Technology FREE
Review: NuraTrue, the earbuds that listen to you
Henry Burrell | Sat, 23 Oct 2021

Personalised audio at a relatively affordable price point. It's a winning combination.

On the Money
On the Money: IRD's rich list, Damian O'Connor's FTA in MIQ, and more
Rebecca Stevenson | Sat, 23 Oct 2021

OTM this week: what does Inland Revenue consider rich, why was Damian O'Connor absent from the FTA celebrations, which new car is triggering FOMO amongst the Remuera Tractor set, and more.

Decarbonising infrastructure – navigating an abundance of policy and analysis

We have a rare opportunity to align significant public infrastructure investment with urgent climate change reform, but time is short and we all need to act.

Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.