NZ Windfarms narrows first-half loss

Thu, 27 Feb 2014

By Suze Metherell Feb 28 (BusinessDesk) - NZ Windfarms, which operates Te Rere Hau windfarm in the Tararua Ranges, narrowed its first-half loss, generating more energy but achieving less revenue than in the same period a year earlier. The company made a net loss $1.23 million, or 0.43 cents per share, in the six months ended Dec 31 from a loss of $1.26 million, or 0.44 cps, a year earlier, it said in a statement. Revenue from ordinary activities fell 1.9 percent to $3.9 million. The company lifted generation 7.4 percent to 63,530 megawatts...

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