Trustpower lifts 2018 guidance, sees earnings rising as much as 12%

Mon, 24 Jul 2017

By Jonathan Underhill July 25 (BusinessDesk) - Trustpower raised is earnings guidance for the second time in as many weeks, citing favourable trading conditions and anticipated customer growth. The Tauranga-based company said earnings before interest, tax, depreciation, amortisation and fair value adjustments will be in a range of $225 million to $245 million in the year ending March 31, 2018. On July 14 Trustpower had said earnings would be at the top end of a $215 million-to-$235 million range it gave with the release of its 2017 result...

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