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Hot Topic Budget 25
Hot Topic Budget 25
General Business
2 mins to read

Low rainfall dampens Mercury's bottom line

Unplanned outage also hits net profit, final dividend rises.

Reweti Kohere Tue, 17 Aug 2021

A second consecutive year of unfavourable hydrology and an unplanned plant outage have dampened Mercury’s bottom line by a third.

The listed generator-retailer reported net profit of $141 million for the year ended June 30 – down 33% on the previous corresponding period.

Earnings dropped

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Reweti Kohere Tue, 17 Aug 2021
Contact the Writer: reweti@nbr.co.nz
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Low rainfall dampens Mercury's bottom line
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