Higher costs cut profit at Genesis
Dividend cut after a year hit by gas supply constraints and a seven-month generator outage.
Genesis chief executive Malcolm Johns.
Genesis Energy cut its dividend to shareholders as higher fuel costs from thermal generation and an impairment charge on gas assets dragged down profit for the year to June.
In a statement to the NZX, Genesis said the result was “impacted significantly by gas supply constraints, low hydro and wind
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