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Unison declares dividend, looks forward to tariff reform

Staff reporters
Thu, 22 Jul 2021

Hawke’s Bay electricity lines company Unison Networks has declared a $15.8 million final dividend for its shareholders, the Hawke’s Bay Power Consumers’ Trust.This followed a better than expected net profit of $33m.Earnings before interest, tax, and financial instruments (EBITF) were $59.4m, marginally down by $1m or 1.7% on last year’s result.This result included a one-off transmission settlement payment of $3m. Excluding this extraordinary item, adjusted EBITF was $62.4m, up $2m on last year.The regulated lines busines...

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Law & Regulation
David Henry firm moves into liquidation owing $400k
Brent Melville | Sat, 31 Jul 2021

Kinleith Land and Infrastructure moves into liquidation owing at least $400,000, liquidator looks to sell solar farm.

On the Money
On the Money: Chris Dunphy, Peter Wells' potential $250m payday, Banksy, Bridges, and more
Rebecca Stevenson | Sat, 31 Jul 2021

Which minister thought he was at a rave, who's cashing in on another potential IPO on the ASX, why wasn't anyone buying Banksy? And more.

Opinion FREE
Why it's hard to open a supermarket in NZ
Eric Crampton | Fri, 30 Jul 2021

Supermarkets' high profits should motivate a new competitor, if they're real. If the profits are there, what's stopping them?

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