Genesis reports profit up 29%
CEO Malcolm Johns said the company’s portfolio flexibility enabled the delivery of a solid result.
Huntly Power Station is essential to New Zealand’s energy security, says Genesis.
Electricity generator and retailer Genesis has boosted profits in the year to June, aided by higher generation volume and pricing.
Net profit of $169 million was up 29% on the prior year, while revenue rose 20% to $3.66 billion.
The company declared a fully imputed final dividend of 7.17c a share,
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