Transpower pays $295M dividend to government as profit soars on asset sale

Thu, 15 Aug 2013

By Paul McBeth Aug 16 (BusinessDesk) - Transpower, the state-owned national electricity grid operator, will pay the government almost $295 million in dividends for this year after annual profit more than tripled. The Wellington-based company, which isn’t among SOEs slated for partial privatisation, will pay a final dividend of $137 million to the government, adding to its special dividend of $65.7 million declared in June and an interim return of $92 million. The $294.7 million annual payment is in line with the company’s statement of cor...

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