Meridian posts record profit on high production, prices

Meridian posts record profit on high production, prices
Gavin Evans
By Gavin Evans Aug. 26 (BusinessDesk) - Meridian Energy reported record full-year earnings, boosted by higher power prices and generation volumes and a growing customer book in Australia. The country’s biggest electricity generator said net profit jumped 68 percent to a record $339 million in the year ended June 30. Earnings before interest, tax, depreciation and changes in financial instruments rose 26 percent to $838 million, also a record. “The results reflect a record level of hydro generation in New Zealand, and higher wholesale p...

More Infrastructure

Takeover or merger on cards after Airwork posts a $191.6m loss
Infrastructure

Takeover or merger on cards after Airwork posts a $191.6m loss

Airwork said the total comprehensive loss for the year could increase to $200.7m.

Spark needs mates to execute its datacentre play
Infrastructure Analysis

Spark needs mates to execute its datacentre play

A partner in datacentres would help Spark on multiple fronts.

Pattrick Smellie 02 May 2025
What the Oz election means for NZ business
Infrastructure

What the Oz election means for NZ business

Australia’s election won’t have a big impact on NZ, unless it’s inconclusive.

Dileepa Fonseka 02 May 2025
Wellington flight path court stoush postponed
Infrastructure

Wellington flight path court stoush postponed

A community group wants to set aside the 2022 flight path on noise and safety grounds.

Oliver Lewis 01 May 2025