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Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
Investment
2 mins to read

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.

The Tauhara geothermal site near Taupo.

NBR Staff Mon, 08 Jul 2024

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. 

That's on the back of a new long term

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NBR Staff Mon, 08 Jul 2024
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Contact expects to generate earnings uplift to $770m
Investment,
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