Contact's earnings report on Monday could be lightning rod for criticism

Contact's earnings report on Monday could be lightning rod for criticism
Contact will be hoping to get more geothermal energy up quickly. (Image: Contact)
Ian Llewellyn
Contact Energy will be the first major electricity company to report its full-year earnings on Monday as the sector copes with a fuel shortage and record high sustained wholesale energy prices.Its bottom-line profit will be a lightning rod for criticism as the sector faces political, regulatory, and public scrutiny over its operations.Jarden forecasts it will report earnings (ebitda) of $668 million, with a dividend estimate of 37c.  Shareholders and the company will be aware of the dangers of regulatory intervention. Still, they will also...

More Markets

NZ stocks end flat amid Fletcher-SkyCity legal woes
Markets Market Close

NZ stocks end flat amid Fletcher-SkyCity legal woes

Tesla's 14% drop again highlighted the general state of global market uncertainty.

Jamie Gray 06 Jun 2025
SkyCity claims it is entitled to $330m in damages from Fletcher Building
Markets

SkyCity claims it is entitled to $330m in damages from Fletcher Building

The original delivery date of the International Convention Centre was January 2019. 

Rebecca Howard 06 Jun 2025
10 NZ firms could get slice of $200m Fisher KiwiSaver cash
Markets

10 NZ firms could get slice of $200m Fisher KiwiSaver cash

Private equity investing will benefit both KiwiSavers and business, fund manager says.