Genesis reports 42% increase in operating profit
Low wholesale power prices boost margins
Genesis reported record output from its hydro schemes, including Tokaanu, in the half year to December.
Higher margins on electricity drove a 42% increase in half-year operating profit for power company Genesis Energy as lower energy costs met increased prices for consumers.
Earnings before interest, tax, depreciation, amortization and financial instruments were $298.3 million for the six months to
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