First-half profit shows mixed picture for Mighty River as partial sale approaches

Wed, 20 Feb 2013

By Pattrick Smellie Feb. 21 (BusinessDesk) - MightyRiverPower's last earnings statement before its likely partial privatisation show a mixed picture of falling domestic revenues and problems with its international geothermal investments, but increases in both net profit after tax and underlying earnings. In its New Zealand business, lower prices paid for wholesale electricity helped offset lower total revenue and higher network costs to produce a $6 million improvement to $260.1 million in earnings before interest, tax, depreciation, amortisa...

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