Trustpower trims guidance on weaker hydro outlook

Thu, 05 Nov 2020

Trustpower has trimmed its full-year earnings forecast by as much as $10 million after dry conditions reduced its generation volumes and covid-19 restrictions slowed its telco expansion.The country’s fifth-largest electricity retailer expects earnings before interest, tax, depreciation, amortisation and changes in financial instruments of between $185 million and $205 million for the year ending March. In May the firm had picked a range of $190 million to $215 million.Trustpower said it now expects generation of about 1,702 gigawatt-hours...

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