Brief: Meridian Energy Says March 2023 Monthly Total Inflows Were 111% Of Historical Average

Meridian Energy

18/04/2023 21:41

April 19 (Reuters) - Meridian Energy Ltd  MEL.NZ :
    * MARCH 2023 MONTHLY TOTAL INFLOWS WERE 111% OF HISTORICAL
AVERAGE
    * MERIDIAN'S RETAIL SALES VOLUMES IN MARCH 2023 WERE 2.7%
LOWER
THAN MARCH
    * REVISED FULL YEAR FY23 CAPITAL EXPENDITURE OF
NZ$370M-NZ$395M
    * REVISED FULL YEAR FY23 GROWTH SPEND NZ$320M-NZ$340M
    * Q3 TOTAL INFLOWS WERE 21% HIGHER THAN Q3 LAST YEAR
    * FOR Q3 RETAIL SALES VOLUMES WERE 1.3% HIGHER AT A 13.1%
HIGHER
AVERAGE PRICE
    * FOR Q3 TOTAL OPERATING COSTS WERE 10.7% HIGHER
    * MERIDIAN'S RETAIL SALES VOLUMES IN MARCH 2023 WERE 2.7%
LOWER
THAN MARCH 2022 (ADDS DROPPED '2022')

Further company coverage:  MEL.NZ 

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