Trustpower says annual earnings in middle of range, downbeat on 2020

Tue, 09 Apr 2019

By Paul McBeth April 10 (BusinessDesk) - Trustpower says annual earnings were around the middle of its previous guidance and it anticipates a weaker 2020 with generation levels likely to be lower than normal. Earnings before interest, tax, depreciation, amortisation and fair value adjustments were $220-226 million in the year ended March 31, falling in the middle of its October guidance for ebitdaf to be $215-235 million. That's down from the $243 million reported last year. The Tauranga-based electricity generator-retailer also expe...

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