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

Tiwai talks ‘constructive’, says Contact

Electricity generator and retailer announces record half year earnings.

Contact's Tauhara geothermal development is now expected to start generating in the third quarter.

NBR Staff Mon, 19 Feb 2024
Key points
  • Revenue: Up 31% to $1.3b.
  • Profit: $153m, up from a loss of $7m pcp.
  • Key takeaway: Record half-year earnings lift full-year ebitdaf guidance to $620m.

Electricity generator Contact Energy has expressed confidence in securing a new supply deal for its mega-customer in Southland, the Tiwai Point aluminium smelter, which would otherwise be closing at the end of this year.

In a statement to the NZX with its results for the half-year to December,

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NBR Staff Mon, 19 Feb 2024
Contact the Writer: editor@nbr.co.nz
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Key points
  • Revenue: Up 31% to $1.3b.
  • Profit: $153m, up from a loss of $7m pcp.
  • Key takeaway: Record half-year earnings lift full-year ebitdaf guidance to $620m.
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Tiwai talks ‘constructive’, says Contact
Investment,
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