Vector reports 9% revenue increase, surpasses emissions goal

Vector has reported a 9% increase in revenue from continuing operations, reaching $893.5 million, for the full year.

Group adjusted ebitda for continuing operations was up 16% to $401.1m.

However, group net profit after tax for continuing operations was $154.7m, including a $37m impairment of the gas distribution network.

The company declared a final dividend of 13 cents per share.

Group capital expenditure for continuing operations was down 6% to $470.1m.

Vector also achieved a 55% reduction in carbon emissions, surpassing its goal of 53.5%.