Profit warning from Manawa in ‘whole new level’ for power prices
Electricity generator cites customer bad debt and ‘adverse market conditions’ for revised guidance.
Manawa Energy owns hydro power stations in the North and South Islands.
Electricity generator Manawa Energy is poised to issue a profit warning, saying it called a trading halt on its securities because its earnings outlook was likely to be lower than guidance in May.
In a statement issued about three hours after the trading halt this morning, Manawa said there were two
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