Trustpower annual earnings up 13% on NZ retail increases and Aussie wind

Fri, 15 May 2015

By Pattrick Smellie May 15 (BusinessDesk) - Trustpower, the Tauranga-based energy and telecommunications service provider, posted a 13 percent rise in its underlying full-year earnings, excluding revaluation of a major acquisition, to $122.9 million. Consolidated profit after tax for the year to March 31, at $144 million, included a $25 million gain on the fair value of the company's purchase price for hydro and wind assets from the New South Wales government's Green State Power company last year. On an earnings before interest, tax,...

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