Mercury NZ rises on upbeat FY22 dividend, earnings outlook

Mercury NZ

17/08/2021 02:08

** Shares of electricity retailer Mercury NZ  MCY.NZ  rise
as much as 3.1% to NZ$6.93 
    ** MCY says net profit after tax for FY21 fell ~33% to
NZ$141 mln, but approves fully imputed final dividend of 10.2 NZ
CPS, up from 6.8 NZ cents declared in H1  urn:newsml:reuters.com:*:nNZW7lbwCd
    ** Expects FY22 EBITDAF (Earnings Before interest, tax,
depreciation, amortisation and fair value adjustments) of NZ$590
million, up 27.4% from NZ$463 mln in FY21
    ** Also expects FY22 fully imputed ordinary guidance of 20
NZ CPS 
    ** MCY stock among top gainers on the benchmark index
 .NZ50 
    ** MCY stock up 2.9% this year, as of last close
    
  

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))