Mercury on track for 15 straight years of dividend growth

Mercury on track for 15 straight years of dividend growth
Mercury CEO Vince Hawksworth says FY22 was "transformative" for Mercury (Image: Mercury)
Pattrick Smellie
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,...

More Markets

NZ dollar's wings clipped, RBNZ tipped to go 50bps
Economy

NZ dollar's wings clipped, RBNZ tipped to go 50bps

The kiwi is sliding, but it is more about the greenback than the RBNZ. 

NZ market rises on potential for more Chinese stimulus
Markets Market Close

NZ market rises on potential for more Chinese stimulus

Overnight US bond yields were down.

Graham Skellern 04 Oct 2024
Blackpearl seeks $10m to help win higher-value customers
Markets

Blackpearl seeks $10m to help win higher-value customers

The NZX-listed company’s customers are primarily US-based.

Ben Moore 04 Oct 2024