Mercury raises earnings outlook again as Taupo rain boosts generation

Wed, 13 Jun 2018

By Paul McBeth June 14 (BusinessDesk) - Mercury NZ has raised its earnings guidance for a fourth time as more rain around Taupo keeps the power company's North Island generation pumping out more electricity. The Auckland-based electricity generator-retailer expects earnings before interest, tax, depreciation, amortisation, and fair value adjustments of $555 million in the year ending June 30, up from a previous forecast of $540 million which had already been upgraded three times on the inclement weather. Mercury reported ebitdaf of $523 m...

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