TrustPower says 2014 earnings will lag behind 2013 on investment spending, softer NZ market

Mon, 11 Nov 2013

By Tina Morrison Nov. 11 (BusinessDesk) – TrustPower, the utility controlled by Infratil, expects earnings this year will lag behind the 2013 financial year as the power company invests more and is hurt by a soft New Zealand market. The Tauranga-based company signalled the drop in earnings in investor briefing notes released to the stock exchange. It didn’t provide further details although estimates compiled by Reuters shows analysts expect earnings to drop to $122.1 million in the current year, from $127.3 million in 2013. TrustPower said i...

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