MRP affirms forecast earnings growth, bemoans focus on falling share price

Thu, 07 Nov 2013

By Paul McBeth Nov. 7 (BusinessDesk) - MightyRiverPower, the first state-owned energy company partially privatised by the government this year, affirmed its expectations for annual earnings growth of 27 percent, while bemoaning the scrutiny its falling share price has come under since listing in May. The Auckland-based company expects to meet its prospectus forecast earnings before interest, tax, depreciation, amortisation and fair value adjustments of $498 million in the year ending June 30, 2014, and anticipates paying a first-half divide...

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