close
MENU
Hot Topic EARNINGS
Hot Topic EARNINGS
General Business
1 mins to read

First Gas writes off $27m on weaker gas supplies

Impairment of distribution network offsets higher operating profit.

First Gas said it expects a slowdown in gas demand growth as consumers consider alternative energy sources.

Tim Hunter Fri, 21 Feb 2025

Infrastructure company First Gas has written off $27 million from the value of its gas distribution network on declining gas supplies, weak demand and regulatory restrictions.

Financial statements filed to the Companies Office show First Gas, owner of 2500km of gas transmission lines and a 4800km

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Smartphone Only Annual Subscription

NZ$249.00 / yearly

Monthly Premium Online Subscription

NZ$49.95 / monthly

Smartphone Only Subscription

NZ$29.95 / monthly

Premium Group Membership 10 Users

NZ$385+GST / monthly

$38.5 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$660+GST / monthly

$33 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1375+GST / monthly

$27.5 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$2100+GST / monthly

$21 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Tim Hunter Fri, 21 Feb 2025
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
First Gas writes off $27m on weaker gas supplies
General Business,
107941
true