MightyRiverPower ends 2012 year ahead of forecast, lifting hopes for 2014 dividends

Wed, 28 Aug 2013

By Jonathan Underhill Aug. 28 (BusinessDesk) – MightyRiverPower, the energy company that went public in May after the government sold half its stake, has stoked optimism it will beat its prospectus forecast for shareholder returns in 2014 after finishing the 2013 year ahead of expectations. The Auckland-based MightyRiverPower’s capital spending in the year ended June 30 was $91.6 million below the forecast in its April prospective financial information (PFI) at $252 million and the company said today that capex in 2014 would be in a range of...

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