Vector posts 4.7% gain in adjusted full-year earnings, signals flat 2017 result

Tue, 23 Aug 2016

By Jonathan Underhill Aug. 24 (BusinessDesk) - Vector, the electricity and telecommunications infrastructure company, posted a 4.7 percent gain in adjusted full-year earnings on growth in Auckland and the expansion of its smart meter fleet, while signalling earnings growth may stall in 2017. Adjusted earnings before interest, tax, depreciation and amortisation was $473 million in the 12 months ended June 30, from $451.9 million a year earlier, the Auckland-based company said in a statement. It forecast earnings on that basis to be between...

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