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Electricity gentailer Mercury ups earnings guidance $25m

More rain and expected higher spot prices drive up earnings forecast.

Reweti Kohere Fri, 18 Oct 2019

Electricity gentailer Mercury has upgraded its earnings guidance by $25 million off the back of more rain and forecasts of higher spot prices.

In an NZX announcement, the company has revised its full-year 2020 ebitdaf guidance from $485m to $510m.

The upgrade was due to:

  • an “increased

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Reweti Kohere Fri, 18 Oct 2019
Contact the Writer: reweti@nbr.co.nz
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Electricity gentailer Mercury ups earnings guidance $25m
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