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.
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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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