close
MENU
Hot Topic Scrutiny
Hot Topic Scrutiny
Investment
4 mins to read

Mercury backs market after record earnings result

The renewable electricity generator and retailer warns against kneejerk reaction to high spot prices.

Mercury Energy’s Kaiwera Downs wind farm.

Tim Hunter Tue, 20 Aug 2024
Key points
  • Revenue: Up 6% to $1.23b.
  • Profit: Up 159% to $290m. 
  • Main takeaway: Gentailer delivers 16th consecutive year of increased dividends, invests in more generation. 

Mercury Energy delivered a staunch defence of the electricity market on a conference call with analysts after reporting record operating earnings for the year to June.

“We’ve had every possible opinion over the last couple of months, many of them based on a paucity of analysis or a hugely vested

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Tim Hunter Tue, 20 Aug 2024
Contact the Writer: thunter@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.
Key points
  • Revenue: Up 6% to $1.23b.
  • Profit: Up 159% to $290m. 
  • Main takeaway: Gentailer delivers 16th consecutive year of increased dividends, invests in more generation. 
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Mercury backs market after record earnings result
Investment,
105429
true