Contact expects to generate earnings uplift to $770m
Company says shareholders can expect an improved dividend as increased generation comes on stream , though that's diluted by spending on its Wairakei replacement project.
Electricity generator and retailer Contact expects to report "materially higher" earnings before interest, tax, depreciation and amortisation (ebitdaf) next month to $770 million.
That's up from reported ebitdaf of $460m for the comparable period to June 2023.
