Vector may beat guidance for FY 2013, suffer 2014 earnings drop

Thu, 08 Aug 2013

Aug. 8 (BusinessDesk) – Vector, the electricity and gas lines company, is likely to beat its guidance in 2013 with a modest uplift in operating earnings but 2014 results will fall as regulated price cuts bite and it sells less cheap Kapuni gas. The Auckland-based company said in February with the release of its first-half results that full-year earnings before interest, tax, depreciation and amortisation would be in line with 2012, when earnings were $627 million. At the time it flagged second-half headwinds including a 10 percent cut in elect...

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