Mercury on track for 15 straight years of dividend growth

Mercury CEO Vince Hawksworth says FY22 was "transformative" for Mercury (Image: Mercury)

Tue, 16 Aug 2022

Adding the New Zealand windfarms previously owned by Tilt Renewables to its asset base helped push energy producer and retailer Mercury to $581 million operating earnings in the year to June 30, up from $463m in the previous financial year.Earnings before interest, tax, depreciation, amortisation and changes for financial instruments are forecast to be roughly flat for the year ahead, the company said in a statement to the NZX, giving guidance of $580m.Net profit at $469m reflected a $367m one-off gain from the sale of its shareholding in Tilt,...

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