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Latest fromContact Energy Limited
Shake-up in the country's boardrooms
On Monday, Fisher & Paykel Appliances will take its first steps towards a major boardroom shake-up.
Contact Energy profits halved to $117m
Contact Energy has unveiled full year profits of NZ$117.5 million, exactly half last year's NZ$237.1 million after a shocker year of coinciding negative factors.
Contact Energy profits fall 50pc to $117m
Contact Energy has reported a 50.4 per cent fall in full year net profit to $117.5 million, hurt by transmission constraints and the need to buy electricity at high wholesale prices in last winter's drought.
Power-switch campaign in the pipeline
A ministerial review has recommended setting up a $5m fund to promote the benefits of switching power companies.