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Outages, drought constrain Genesis full-year result

Power company’s bottom line takes $13m hit.

Reweti Kohere Thu, 20 Aug 2020

Genesis Energy has attributed a $13 million hit on the bottom line to multiple outages, drought conditions, and Covid-19.

The listed power company posted net profit of $46m for the year to June 30, down 22% on last year. Earnings of $356m fell 4% from the previous financial year.

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Reweti Kohere Thu, 20 Aug 2020
Contact the Writer: reweti@nbr.co.nz
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Outages, drought constrain Genesis full-year result
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