FIRST CUT: Genesis Energy posts flat 1H earnings; no decision on Huntly

Tue, 23 Feb 2016

By Paul McBeth Feb. 24 (BusinessDesk) - Genesis Energy, the country's biggest electricity retailer, increased first-half earnings 1.5 percent as it grabbed more customers in a tightly contested retail market and lifted generation volumes, but still hasn't made a decision on whether to can its Huntly power station. Earnings before interest, tax, depreciation, amortisation and fair value movements (ebitdaf), a favoured measure by power companies, rose to $175.5 million in the six months ended Dec. 31 from $172.8 million a year earlier, the...

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