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Customer loyalty offset Genesis supply pressures

Electricity gentailer's bottom line took a $40m hit.

Reweti Kohere Fri, 21 Feb 2020

Customer loyalty has kept Genesis above the water as gas shortages and lower hydro generation dampened retail gains.

The country's largest electricity gentailer posted net profit of $9 million for the six months to December 31, down 82% on the previous corresponding period.

Revenue came in 2%

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Reweti Kohere Fri, 21 Feb 2020
Contact the Writer: reweti@nbr.co.nz
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Customer loyalty offset Genesis supply pressures
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