close
MENU
Investment
1 mins to read

Mercury flags higher prices, higher profits

The electricity gentailer has increased full year earnings guidance, although costs dragged down its half year bottom line.

Mercury's Maraitai power station on the Waikato River.

NBR Staff Tue, 20 Feb 2024
Key points
  • Revenue: Up 23% to $1.6b.
  • Net profit: Down 27% to $174m.
  • Key takeaway: Overhead costs offset higher margins from trading.

Electricity generator and retailer Mercury has signalled a price rise for customers in April and increased its profit guidance for the full year on higher wholesale margins.

Announcing results for the half year to December, Mercury said although it had delivered a strong trading margin from its

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).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
NBR Staff Tue, 20 Feb 2024
Contact the Writer: editor@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Key points
  • Revenue: Up 23% to $1.6b.
  • Net profit: Down 27% to $174m.
  • Key takeaway: Overhead costs offset higher margins from trading.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Mercury flags higher prices, higher profits
Investment,
102781
true