Profit dives at Manawa after 'challenging' half year
A negative combination of prices and hydro flows added to unexpected cost pressure for the power generator.
Manawa chief executive David Prentice, left, with chair Paul Ridley-Smith.
Hydro power generator Manawa Energy has reported a 64% drop in half-year profit from its ongoing operations after what chief executive David Prentice described as a “challenging” six months.
“The April-June quarter saw us navigate high prices and low hydro inflows, and then in the
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