NZ Windfarms looks to maiden dividend

Tue, 29 Nov 2016

By Pattrick Smellie Nov. 29 (BusinessDesk) - The revitalised board of struggling electricity producer New Zealand Windfarms is exploring ways to pay a maiden interim dividend in the current financial year, the new chairman Rodger Kerr-Newell told shareholders at the annual meeting today. The company reported a $3.9 million loss in the last financial year, partly because of lower wholesale electricity prices, although the company was now getting on top of the equipment failure and maintenance problems it had been experiencing with its two-...

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