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Genesis boosts earnings in ‘dynamic’ market

Price rises help offset impact of higher fuel costs.

Genesis chief executive Malcolm Johns.

NBR Staff Fri, 21 Feb 2025
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Key points
  • Revenue: up 29% to $1.76b
  • Net profit: up 83% to $70.3m
  • Key takeaway: Operating profit gains on higher prices, margins.

 

Genesis Energy increased its gross margin and operating earnings by 7% for the half year to December as higher retail prices helped offset the impact of higher fuel costs.

At the bottom line, an 83% increase in net profit was driven by non-cash revaluations of its derivatives and asset

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NBR Staff Fri, 21 Feb 2025
Contact the Writer: editor@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

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Key points
  • Revenue: up 29% to $1.76b
  • Net profit: up 83% to $70.3m
  • Key takeaway: Operating profit gains on higher prices, margins.

 

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Genesis boosts earnings in ‘dynamic’ market
Investment,
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