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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
2 mins to read

Meridian’s record earnings dented by lost value

Gentailer in the dark on whether Rio Tinto wants smelter closure prolonged.

Reweti Kohere Wed, 26 Aug 2020

Depreciation, write-downs and reduced worth of hedged electricity contracts have dented Meridian Energy’s full-year bottom line by 48%, in spite of another record year of earnings.

The listed gentailer posted group earnings of $854 million for the year to June, up a smidge from last year’s

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Reweti Kohere Wed, 26 Aug 2020
Contact the Writer: reweti@nbr.co.nz
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Meridian’s record earnings dented by lost value
General Business,
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