Trustpower's bundle strategy successfully slowing margin decline, FNZC says

Wed, 08 Nov 2017

By Paul McBeth Nov. 8 (BusinessDesk) - Trustpower's bundled power and telecommunication package has successfully slowed a squeeze on profit margins, something facing the entire sector, says First NZ Capital. The Tauranga-based electricity generator and retailer reported an 80 percent jump in first-half profit to $80.8 million earlier this week, benefitting from strong generation with the North Island hydro-dams flush with water. That was dependent on the weather and largely out of the company's hands, however FNZC analyst Nevill Gluyas w...

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