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 sharemarket down as Mainfreight, utilities move
Markets Market Close

NZ sharemarket down as Mainfreight, utilities move

Utility shares had significant movement, with Infratil shedding 37c.

Craigs downgrades Mainfreight to ‘neutral’
Markets

Craigs downgrades Mainfreight to ‘neutral’

It follows the company saying it had a rough start to the year.

Chatham Rock Phosphate draws auditor concern, director ups stake
Markets

Chatham Rock Phosphate draws auditor concern, director ups stake

A director ups his stake in Chatham Rock Phosphate as auditors express concern.

Bathurst vs Talley's: battling on
Markets Part 3

Bathurst vs Talley's: battling on

Bathurst turned back to Asian investors to raise capital this year.