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Lower generation hits Mercury's interim profit

Electricity gentailer revises full-year guidance to $500m.

Reweti Kohere Tue, 25 Feb 2020

Mercury’s bottom line has dropped a fifth off the back of lower electricity generation and a loss of earnings from the sale of its smart metering business.

The electricity gentailer posted a net profit of $83 million for the six months to December 31, down $21m.

Earnings before interest,

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Reweti Kohere Tue, 25 Feb 2020
Contact the Writer: reweti@nbr.co.nz
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Lower generation hits Mercury's interim profit
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