Meridian records losses as it 'takes a hit for NZ'

Meridian's fortunes fall in line with its hydro lakes. (Image: NZME)

Wed, 26 Feb 2025

Meridian Energy says its latest financial results show the company “took a hit for New Zealand”, recording losses in key indicators and a large drop in earnings.For the six months ending Dec 31, the country’s largest electricity generator and major retailer reported a net loss after tax of $121 million, compared to a net profit after tax of $191m in last year’s interim result.Operating cash flows were $50m, down from $303m in the same period last year.The results were largely because Meridian had to use expensive hedge c...

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