The big dry continues for Contact, cutting first-half profit 40%
Both generation and customer businesses reported operating profit falls.
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Contact Energy says first-half net profit fell 40%, reflecting record low hydro inflows into its Clutha catchment and the consequent greater reliance on its thermal power stations.
The electricity retailer and generator reported net profit for the six months ended December fell to $58 million
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Jenny Ruth
Mon, 12 Feb 2018
Mon, 12 Feb 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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The big dry continues for Contact, cutting first-half profit 40%
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