Vector looks to meters, solar for earnings growth

Fri, 24 Aug 2018

By Gavin Evans Aug. 24 (BusinessDesk) - Vector is aiming for a slight lift in operating earnings this year, buoyed by the accelerating smart meter roll-out in Australia and stronger than expected on-going meter work locally. The company installed almost 40,200 meters for five major retailers in Australia in the year ended June, and almost 85,000 in New Zealand. In the current year those figures will flip to possibly 100,000 in Australia and about 70,000 in New Zealand. The company also expects a bigger contribution from the E-Co Produc...

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