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Mercury revises up annual earnings forecast on better hydro
21 Jan, 2021 08:44 PM
2 minutes to read
NZ Herald
Power generator and retailer Mercury said it had revised its operating earnings guidance upward for the current year to June thanks to an increase in hydro generation and a strong trading performance.
The company now expects to report earnings before interest, tax, depreciation, amortisation and financial instruments (EBITDAF) of $535 million, up from a previous guidance of $505m.
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The company s EBITDAF for the June 2020 year came to $494m, down $12m on the prior year.