Brief: Vector Ltd Says FY Guidance For Adjusted EBITDA Between NZ$515 Mln To NZ$525 Mln

Vector

20/02/2023 19:39

Feb 21 (Reuters) - Vector Ltd  VCT.NZ :
    * INTERIM DIVIDEND 8.25 NZ CENTS PER SHARE
    * HY GROUP NET PROFIT AFTER TAX OF NZ$100.3 MILLION, DOWN
13.2%
    * HY ADJUSTED EBITDA OF NZ$274 MILLION, UP 3.9%
    * AUCKLAND GROWTH EXPECTED TO CONTINUE, WITH CONTINUED
GROWTH IN
NEW ELECTRICITY CONNECTIONS & INFRASTRUCTURE ACTIVITY REMAINING
ELEVATED
    * FULL YEAR GUIDANCE FOR ADJUSTED EBITDA IS BETWEEN
NZ$515M-NZ$525M
    * KEY SAIDI AND SAIFI NETWORK RELIABILITY MEASURES TRACKING
TO
TARGET, PRIOR TO ANY IMPACTS FROM JANUARY FLOODING OR CYCLONE
GABRIELLE
    * CONTINUE TO SEE IMPACTS FLOWING THROUGH FROM HIGH
INFLATION,
WHICH IMPACTS COSTS

Further company coverage:  VCT.NZ 
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