MRP the latest power company to declare special dividend

Thu, 27 Aug 2015

By Pattrick Smellie Aug. 28 (BusinessDesk) - MightyRiverPower has become the latest electricity generator-retailer to announce a special dividend in the current earnings season, at the same time as announcing a 22 percent fall in underlying earnings after tax for the year to June 30 of $145 million. Auckland-based MRP, which operates as a retailer under the Mercury Energy brand, took a $127 million one-off hit to its net profit after tax through writedowns after exiting international geothermal investments and from the decision to close i...

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