Mercury shares fall 3% after release of full year result
newscatcher
2022-08-16 11:30
Mercury shares fall 3% after release of full year result
Energy company Mercury said it's on track for 15 straight years of dividend growth in its full year result today as the earnings season starts to warm up and New Zealand's market ended the day in positive territory.The S&P/NZX 50 index rose 58.1 points, or 0.49%, to 11,847.15. Turnover on the main board was just $87.9 million – a pinch higher than yesterday's $81.1m.Mercury said adding the NZ windfarms previously owned by Tilt Renewables to its asset base helped push to $581 operating earnings in the year to June 30, up from $463m in the previous financial year.

https://businessdesk.co.nz/article/markets/mercury-shares-fall-3-after-release-of-full-year-result

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