Photo: RNZ / Nate McKinnon
Contact Energy has reported a strong full year profit with revenue growth of 35 percent.
New Zealand's second largest energy company has reported a net profit of $235 million in the year ended June, which was 85 percent up on the year earlier.
Key numbers for the 12 months ended June compared with a year ago:
- Net profit $235m vs $127m
- Revenue $2.86b vs $2.12b
- Underlying profit $675m vs $573m
- Full year dividend 37 cents per share vs 35cps
"The result has been a demonstration of strength in our underlying performance as we managed through market volatility, while keeping the momentum to deliver existing and new renewable developments," chief executive Mike Fuge said.
He said the next 12 months will see Contact operating an additional 200 megawatts of newly constructed geothermal power stations, as well as developing more renewable energy projects.