Mercury earnings drop in ‘challenging’ half
Electricity generator and retailer announces dividend increase. Retail prices to rise an average 9.7% from April.
Mercury’s hydro generation volume was 236GWh lower in the six months to December than the previous corresponding period.
Reduced hydro generation and increased electricity purchases contributed to a 3.7% decline in operating profit for electricity generator and retailer Mercury for the half year to December.
In a statement to the NZX, Mercury described the result as “robust”.
“Despite challenging operational
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