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Trust Power's profits up

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Trust Power's profits up

By: Sam Thompson | Business News | Friday June 8 2012 13:08

 

Trust Power's profits are up 17 percent to $131.7 million for the year to March.

Chairman Bruce Harker says the result was impacted by fair value losses on financial instruments of $7.5 million.

He says it's mainly due to a fall in long term interest rates over the period that negatively impacted the value of the group's interest rate hedging portfolio.

A final dividend of 20 cents per share has been declared, taking the total dividend payment for the year to 40 cents per share.

Photo: stock.xchng

 

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