Mighty River healthy despite 76% profit plummet, says analyst.
“They've come through one of worst hydro years they've ever had … it's a pretty good outcome.”
Mighty River Power CEO Fraser Whineray talks about his company's result on NBR Radio and on demand on MyNBR Radio.
Calida Smylie Fri, 28 Aug 2015
Mighty River Power’s earnings were down due to poor hydro conditions but an analyst says the company is well-positioned for the future.
Mighty River announced a 22% fall to $145 million in underlying earnings after tax for the year to June 30, with earnings before interest, tax, depreciation,
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