The FY20 results of Trustpower Limited (NZX:TPW) were affected by many factors like decrease in rainfall which caused lower generation production, material plant outages, accounting changes, costs of developing capability and restraint in pricing changes. Key highlights of the results:

  • Profit after tax stood at $97.6 million, up $4.9 million or 5%;
  • Operating earnings (EBITDAF) stood at $186.5 million, down $35.7 million or 16%;
  • Retail earnings (EBITDAF) were down by 45% to $35.3 million;
  • The company declared fully imputed final dividend of 15.5 cents bringing total ordinary dividends to 32.5 cents.

 

 


Disclaimer
The website https://kalkinemedia..com/nz is a service of Kalkine Media New Zealand Limited (Company Number 8107196).The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion.Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. We are neither licensed nor qualified to provide investment advice through this platform.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK