Genesis ups full year guidance on solid first half

Huntly power station is a viable alternative to building a multi-billion dollar pumped hydro scheme, Genesis says. (Image: Getty)

Pattrick Smellie

Mon, 28 Feb 2022

Genesis Energy has increased its interim dividend payout and upgraded expectations for full-year earnings after posting a solid, albeit flat, result for the first six months of the current financial year.In the period to Dec 31, the electricity and gas provider reported underlying earnings of $60.3 million, up 1% on the same period a year earlier. The underlying earnings measure is preferred because it strips out the impact on statutory earnings of changes in the value of electricity hedge contracts, which can be volatile.Reflecting this, net p...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

The Quiz Free

QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am