Damian Foster.
Favourable hydro conditions in New Zealand and Australia, along with a full-year contribution from King Country Energy, helped Trustpower lift its operating profit in the year ended March.
Trustpower reported an operating profit of $218 million for the year, 5% higher than the previous corresponding period.
The profit, excluding demerger costs, was $235 million, or 12% higher than last year.
On October 30, 2016, Trustpower demerged into two separate groups – Trustpower Ltd (formerly Bay Energy) and Tilt Renewables. The results released yesterday showed Trustpower’s actual performance since the demerger, together with its share of the combined group’s results pre-demerger.
Trustpower chairman Paul Ridley-Smith sa…
Read the full article at: https://www.odt.co.nz/business/trustpower-lifts-its-operating-profit
