1 Mar 2013

Transpower profit jumps

1:40 pm on 1 March 2013

Transpower has increased its half year profit by 45% as revenue rose.

The national grid operator's earnings for the final six months of last year rose by $34 million to $111.5 million.

Transpower chief executive Patrick Strange said the lift was largely due to a 20% increase in revenue from recent upgrades to its grid.

The operator will pay the Government a half year dividend of $92 million.