Trustpower affirms earnings guidance as wholesale prices stay high; notes low hydro levels

Thu, 18 Jan 2018

By Paul McBeth Jan. 19 (BusinessDesk) - Trustpower affirmed annual earnings guidance, having raised its outlook three times this financial year on strong wholesale electricity prices, and noted the low hydro lake levels are threatening to trigger a high-priced event in 2018. The Tauranga-based company retained its forecast for earnings before interest, tax, depreciation, amortisation and fair value adjustments to be between $255 million and $270 million in the year ending March 31, although it now expects the final outcome will be around...

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