Profit: Net profit of $235 million for the year, up 85% on a year earlier.
Main takeaway: CFO sensitive that people only looking at huge profit, when ‘every extra bit of cashflow we’re generating is going into new renewables’.
Contact Energy says it is “sensitive” about the way its profits are discussed after reporting a record operating result for the year to June.
On a conference call with analysts this morning, the electricity generator and retailer’s chief financial officer Dorian Devers said the company’s
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Profit: Net profit of $235 million for the year, up 85% on a year earlier.
Main takeaway: CFO sensitive that people only looking at huge profit, when ‘every extra bit of cashflow we’re generating is going into new renewables’.
