29 Sep 2009

Horizon raises profit forecast

6:03 am on 29 September 2009

Horizon Energy Distribution has increased its profit forecast to around $6 million after a colder-than-expected winter boosted revenues.

The Bay of Plenty electricity lines company previously said that its after-tax profit was likely to be around $4.5 million.

The company will publish its half year result at the end of November.