UPDATE: Genesis underlying profit up on improved retail performance

UPDATE: Genesis underlying profit up on improved retail performance
Gavin Evans
(Adds share price reaction, divisional earnings and 2020 earnings forecast from 6th paragraph)  By Gavin Evans Aug. 28 (BusinessDesk) - Genesis Energy reported a 16 percent increase in underlying full-year profit, with improved retail earnings offsetting a flat performance from its generation arm and weaker oil production from its Kupe interests. The country’s biggest electricity and gas retailer said net profit more than doubled to $59 million for the year ended June 30, buoyed by $35 million of fair value gains. Excluding those gains...

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