Trustpower-controlled King Country Energy reports $8.1 mln proft

Wed, 15 Jun 2016

By Edwin Mitson June 15 (BusinessDesk) - King Country Energy, the Taumarunui-based power generator and retailer, says profit in the fifteen months to the end of March 2016 was $8.1 million, up from $3.8 million in calendar 2014. The company, which operates four hydro stations in the King Country and one in Manawatu, is now controlled by Trustpower, which built up a 65 percent stake in the business over the summer. It is moving to a change of balance date of March 31 from Dec 31 to align with Trustpower. The change of balance date make...

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