17 May 2009

Trustpower profit up, customer numbers also rise

6:56 am on 17 May 2009

Trustpower says its profit rose 7% to $105 million in the year to the end of March, compared with the previous year.

While the volume of electricity sold decreased slightly, the electricity generator and retailer gained 5000 new customers, more than half of whom switched from Contact Energy.

Chief executive Keith Tempest says the second half of the year made up for a tough first half.