FIRST CUT: Mercury delivers special dividend on 2.3% operating earnings lift

Mon, 22 Aug 2016

By Pattrick Smellie Aug. 23 (BusinessDesk) - Mercury, the electricity generator and distributor formerly known as Mighty River Power, has delivered a 2.3 percent lift in operating earnings and declared a special dividend, reflecting its limited capital needs and the sale of surplus land. On an earnings before interest, tax, depreciation, amortisation and financial instrument valuation movements basis, Mercury made $493 million in the year ended June 30, up 2.3 percent on the previous year. Ebitdaf guidance for the year ending June 30,...

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