Key takeaway: Higher energy costs and impairment charges offset revenue gains.
Genesis Energy cut its dividend to shareholders as higher fuel costs from thermal generation and an impairment charge on gas assets dragged down profit for the year to June.
In a statement to the NZX, Genesis said the result was “impacted significantly by gas supply constraints, low hydro and wind
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
