Trustpower raises earnings guidance as Pohukura outage, low hydro elevates prices

Sun, 14 Oct 2018

By Paul McBeth Oct. 15 (BusinessDesk) - Trustpower raised its forecast for annual earnings as it benefits from elevated wholesale electricity prices due to the Pohokura gas field outage and low hydro lake storage. The company expects earnings before interest, tax, depreciation, amortisation and fair value adjustments will be $215 million to $235 million in the year ending March 31, up from its initial guidance of $205 million-to-$225 million. That's still down from the $267 million reported in March 2018, a year bolstered by favourable h...

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