Trustpower lifts FY profit 35%, tips lower FY19 earnings after sale of Australian ops

Sun, 13 May 2018

By Rebecca Howard May 14 (BusinessDesk) - Trustpower lifted annual profit 35 percent as the electricity generator-retailer's earnings were bolstered by favourable hydro generation, firm winter wholesale prices and its retail strategy. Net profit rose to $129 million or 40.9 cents per share in the 12 months ended March 31, from $94 million or 29.6 cents a year earlier, the Tauranga-based company said in a statement. Including the discontinued Australian operations, earnings before interest, tax, depreciation, fair value movements of f...

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