Wellington airport hits back at NZIER runway extension critique
By Pattrick Smellie Feb. 15 (BusinessDesk) - Wellington International Airport has hit back at analysis of its runway extension project by the New Zealand Institute of Economic Research, saying the critique undertaken for airlines opposing the $300 million project has overstate...
Contact maintains dividend despite first-half loss; retail struggles
By Pattrick Smellie Feb. 15 (BusinessDesk) - Contact Energy will pay an unchanged 11 cents per share interim dividend thanks to a 24 percent improvement in free cash flow, even though the electricity generator and retailer turned to a first-half loss of $116 million, mainly d...
FIRST CUT: Contact Energy reports $116M half year loss on asset writedowns
By Pattrick Smellie Feb. 14 (BusinessDesk) - Electricity generator and retailer Contact Energy announced a $116 million net loss in the six months to Dec. 31, as it booked write downs of $257 million on its Otahuhu B power plant, which it closed last year, and a decision that...
Contact sells Otahuhu power station site to property developer
By Pattrick Smellie Feb. 15 (BusinessDesk) - Contact Energy has sold the site of its Otahuhu gas-fired power station to Auckland land developer Stonehill Property Trust for $30 million, following its closure last year. Once the jewel in the crown of Contact's generation por...
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