FY23 Q3 Performance Report
MKTUPDTE
Fri, Apr 21 2023 09:41 am
Favourable wholesale conditions continued in FY23 Q3 resulting in lower emissions and portfolio generation costs. Customer churn remained low, while netbacks increased across electricity, gas and LPG.
Malcolm Johns, Chief Executive said, “Genesis supported our customers through the Auckland floods and Cyclone Gabrielle. High hydro levels contributed to a 44% reduction in generation emissions, relative to the same period last year. During a busy quarter, we progressed key strategic initiatives, including a successful biomass trial and securing our first solar site.”
Genesis’ FY23 Q3 Performance Report is attached.
ENDS
For investor relations enquiries, please contact:
Tim McSweeney
GM Investor Relations & Market Risk
M: 027 200 5548
For media enquiries, please contact:
Chris Mirams
GM Communications & Media
M: 027 246 1221
Announcement PDF
Markets News
Markets
Market Close
NZ sharemarket up 0.4% after a2 Milk surge
The S&P/NZX 50 Index closed at 12,266.25, gaining 57.2 points or 0.47%.
Markets
Goldman Sachs downgrades Fletcher Building to sell
Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).
Primary Sector
Rayonier exits NZ with $1.2b forestry sale
An investment firm bought the stake, which included 116,145 hectares of forestry.
