Underperforming subsidiary hits Vector's net profit
The Auckland utility recorded a $46.6m impairment for E-Co Products Group.
Reweti Kohere
Fri, 23 Aug 2019
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Auckland utility company Vector's after-tax profit fell 44% after a $46.6 million impairment.
The net profit of $84m for the financial year ended June 30 was down from last year’s $149.8m.
Increased depreciation and amortisation, a $46.6m impairment of E-Co Products Group, the company
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Reweti Kohere
Fri, 23 Aug 2019
Contact the Writer: reweti@nbr.co.nz
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Underperforming subsidiary hits Vector's net profit
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