3 Apr 2012

Horizon eyes 7% lift in profit forecast

6:17 am on 3 April 2012

Horizon Energy Distribution has upgraded its forecast of its full year profit.

The lines company expects to make $6 million for the year to the end of March, an increase of 7% on its previous prediction.

It says the increased profit is largely due to the reversal of unrealised losses recorded in the first six months of the year and savings in transmission costs.