Trustpower sees annual earnings at top of guidance after strong June-qtr generation

Fri, 14 Jul 2017

By Paul McBeth July 14 (BusinessDesk) - Trustpower shares rose after it said annual earnings are expected to be at the top of its forecast range due to a jump in electricity generation volumes and higher wholesale prices in the June quarter. The Tauranga-based company said earnings before interest, tax, depreciation, amortisation and fair value adjustments will be at the top end of a $215 million-to-$235 million range in the year ending March 31, 2018. That would be in line with the $235 million ebitdaf excluding demerger costs it report...

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