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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
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Genesis reports 42% increase in operating profit

Low wholesale power prices boost margins

Genesis reported record output from its hydro schemes, including Tokaanu, in the half year to December.

NBR Staff Mon, 27 Feb 2023

Higher margins on electricity drove a 42% increase in half-year operating profit for power company Genesis Energy as lower energy costs met increased prices for consumers.

Earnings before interest, tax, depreciation, amortization and financial instruments were $298.3 million for the six months to

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NBR Staff Mon, 27 Feb 2023
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Genesis reports 42% increase in operating profit
Investment,
97914
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