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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
2 mins to read

Profit dives at Manawa after 'challenging' half year

A negative combination of prices and hydro flows added to unexpected cost pressure for the power generator.

Manawa chief executive David Prentice, left, with chair Paul Ridley-Smith.

NBR Staff Wed, 09 Nov 2022

Hydro power generator Manawa Energy has reported a 64% drop in half-year profit from its ongoing operations after what chief executive David Prentice described as a “challenging” six months.

“The April-June quarter saw us navigate high prices and low hydro inflows, and then in the

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NBR Staff Wed, 09 Nov 2022
Contact the Writer: editor@nbr.co.nz
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Profit dives at Manawa after 'challenging' half year
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