Brief: Mercury NZ Says FY Net Profit After Tax Was NZ$469 Million

Mercury NZ

15/08/2022 21:39

Aug 16 (Reuters) - Mercury NZ Ltd  MCY.NZ :
    * DECLARED A FULLY IMPUTED FINAL DIVIDEND OF 12.0 NZ CENTS
PER
SHARE
    * FY NET PROFIT AFTER TAX WAS NZ$469 MILLION, UP NZ$328
MILLION ON
PREVIOUS YEAR
    * FOCUSED ON COMPLETING SOUTHERN SECTION OF TURITEA WIND
FARM BY
MID-2023 & DEVELOPING NEW WIND, GEOTHERMAL GENERATION
    * FY23 ORDINARY DIVIDEND GUIDANCE IS 21.80 NZ CPS
REPRESENTING A
9.0% INCREASE ON FY22
    * FY TOTAL REVENUE NZ$2.19 BILLION VERSUS NZ$2.05 BILLION
REPORTED
YEAR AGO
    * ON TRACK TO EXCEED THREE-YEAR OBJECTIVE TO INCREASE VALUE
OF
BUSINESS TO NZ$700 MILLION EBITDAF ON NORMALISED BASIS
    * FY23 STAY-IN-BUSINESS CAPEX GUIDANCE IS NZ$160 MILLION
    * FY23 EBITDAF GUIDANCE HAS BEEN SET AT NZ$580 MILLION
(NZ$756
MILLION ON A NORMALISED BASIS)

Source text for Eikon:  ID:nNZW49M9Rj 
Further company coverage:  MCY.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))