The reasons for Manawa's trading halt

Adverse trading has hit Manawa's earnings. (Image: NZME)

Wed, 07 Aug 2024

Manawa Energy put its shares in a trading halt ahead of an announcement on lower-than-expected earnings guidance partly due to adverse trading conditions.The company told the NZX it was reconsidering its earnings outlook.Manawa said it was likely a provision will be necessary as a result of the uncertainty about recovery of a customer receivable.It was also facing “adverse market conditions in the wholesale energy markets”.The trading halt will be lifted at market open on Aug 9 or on an earlier earnings announcement. The shares last...

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