Australian politics hit Meridian's bottom line and future plans
Meridian Energy has taken a hit to its bottom line, largely as a result of Australian political uncertainty, and this is also affecting its future plans. With special audio feature.
Jenny Ruth Thu, 25 Feb 2016
The reason Meridian Energy’s [NZX:MEL] first-half net profit fell had a lot to do with Australian politics.
Yesterday, the electricity retailer and generator reported a 1% drop to $104 million in net profit for the six months ended December.
Dragging on the bottom line was a $32 million decline
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