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Higher prices, lower costs boost earnings for Meridian

Gentailer touts 4.7GW pipeline of renewable energy development.

Meridian chief executive Neal Barclay

NBR Staff Tue, 29 Aug 2023

Higher prices to consumers and lower energy costs drove a 10% increase in operating profit for electricity generator and retailer Meridian in the year to June, rewarding shareholders with a 3% higher final dividend.

At the bottom line, a huge reversal in the unrealised value of energy hedge

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NBR Staff Tue, 29 Aug 2023
Contact the Writer: editor@nbr.co.nz
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Higher prices, lower costs boost earnings for Meridian
Investment,
100613
true