Trustpower Limited Half Year Result

Press Release – TrustPower

Trustpowers consolidated profit after tax was $59.7 million for the period, representing a decrease of 33% compared with $89.8 million for the same period last year. Last year a oneoff gain of $25 million was included in profit relating to the acquisition …Market Announcement

30 October 2015

Trustpower’s consolidated profit after tax was $59.7 million for the period, representing a decrease of 33% compared with $89.8 million for the same period last year. Last year a oneoff gain of $25 million was included in profit relating to the acquisition of the Green State Power hydro and wind assets in New South Wales.

Underlying earnings after tax excluding fair value movements on financial instruments, the impact of the Inland Revenue court case and oneoff gains and impairment charges were $68.3 million compared with $67.4 million in the prior period, an increase of 1%. Fair value losses on financial instruments were $3.0 million for the period (prior period was a loss of $4.4 million) primarily due to decreases in long term interest rates continuing to have a negative impact on the Group’s portfolio of interest rate hedges.

Earnings before interest, tax, depreciation, amortisation, fair value movements of financial instruments and asset impairments (EBITDAF) were $184.2 million, compared with $173.3 million achieved in the prior period representing an increase of 6%…

Trustpower_Half_Year_Market_Announcement_30_October_2015.pdf
Interim_Financial_Statements_September_2015_Announcement.pdf

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