10 May 2013

TrustPower profit falls

7:57 pm on 10 May 2013

TrustPower's annual net profit fell 6% but still came in slightly above analysts' expectations.

The electricity generator and retailer made a $123.4 million net profit for the year ended March while operating profit, also down 6%, was nearly $295 million.

Analysts were expecting an operating profit of about $292 million.