Low hydo, geothermal outage, Origin costs hit Contact's November performance

Sun, 06 Dec 2015

By Sophie Boot Dec. 7 (BusinessDesk) - Contact Energy's operational performance for November was worse than expected, leading the company to warn its full year operating earnings are not expected to be much different from last year's. However, the electricity generator and retailer still expects an increase in operating cash flow for financial year 2016, said Contact in its monthly update, released two days ahead of Wednesday's annual meeting in Wellington, where its longest-standing director, acting chair Phil Pryke, will be stepping dow...

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