Trustpower raises earnings guidance again, boosting Infratil outlook

Thu, 12 Oct 2017

By Paul McBeth Oct. 13 (BusinessDesk) - Trustpower raised annual earnings guidance for a third time this financial year with strong wholesale electricity prices on both sides of the Tasman and increased generation in New Zealand, boosting the outlook for controlling shareholder Infratil. The Tauranga-based company forecasts earnings before interest, tax, depreciation, amortisation and fair value adjustments to be between $255 million and $270 million in the year ending March 31, 2018, up from a previous forecast of $225 million-to-$245 m...

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