Mercury shares fall 3% after release of full year result
The S&P/NZX 50 index rose 58.1 points, or 0.49%, to 11,847.15. Turnover on the main board was just $87.9 million – a pinch higher than yesterday’s $81.1m.
Mercury said adding the NZ windfarms previously owned by Tilt Renewables to its asset base helped push to $581 operating earnings in the year to June 30, up from $463m in the previous financial year.
Chief executive Vince Hawksworth said the twelve months ended June 30 were “transformative” for the energy company.
The business also nicked the crown off Genesis Energy as the country’s largest retail supplier of electricity.
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