Transpower reports $176m profit on 64% earnings jump
The state-owned electricity grid operator's profit surged as regulated revenue increased and it stepped up investment in New Zealand's power network.
Transpower has banked a $176 million profit, up $69 million from the previous year. The increase reflects higher regulated revenue and the company's commitment to a major investment programme across New Zealand's electricity grid.
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Transpower banks $176m profit after 64% jump
The state-owned electricity grid operator made $69m more than a year earlier as regulated revenue increased and it embarked on a major programme of investment in New Zealand’s power network.