Lower costs help Vector double net profit
Regulated networks and metering businesses boost group earnings.
Regulated networks and metering businesses boost group earnings.
Reduced costs and higher capital contributions have helped Vector double its previous year’s profit to $194.6 million for the 2021 financial year.
The Auckland lines company and gas and metering business’ bottom line for the year to June 30 was twice the $97.3m it recorded the previous
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