16 May 2010

TrustPower profit up

7:09 am on 16 May 2010

TrustPower has reported a 14% rise in full year profit to just over $119 million for the March year.

Revenue fell due to lower spot market prices, but earnings rose as the second biggest listed electricity company cut costs.

Chief executive Vince Hawksworth says the outlook is positive, especially as industrial demand for power is picking up.