Trustpower sees small gain for 2017 earnings from King Country Energy

Fri, 10 Feb 2017

By Sophie Boot Feb. 10 (BusinessDesk) - Trustpower says 2017 earnings will be a slight improvement on the previous year when it reported a 38 percent fall in annual profit to $90 million. The Tauranga-based energy and telecoms utility said its annual earnings to March 31, 2017 will be boosted by consolidating a full year of operations from King Country Energy and offset by the cost of the demerger it implemented on Oct. 31, 2016, where it separated into Trustpower and Tilt Renewables. "Taking these factors into account as well as the...

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