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Stew Hamilton: Mercury Energy CEO on the company's recent drop in profitability
Manage episode 501125784 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Mercury Energy's earnings have fallen on the back of weaker renewable electricity generation, and its bottom-line profit has taken a hit.
The company's profit has plunged from $290 million to just $1 million, due to tough power generation conditions.
Despite this, Mercury Energy CEO Stew Hamilton is hopeful ahead of another financial year.
"We're investing heavily in new power plants - we're investing about $1 billion in new power plants at the moment. That's from the top of the north to the bottom of the south."
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10426 episodes
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Manage episode 501125784 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Mercury Energy's earnings have fallen on the back of weaker renewable electricity generation, and its bottom-line profit has taken a hit.
The company's profit has plunged from $290 million to just $1 million, due to tough power generation conditions.
Despite this, Mercury Energy CEO Stew Hamilton is hopeful ahead of another financial year.
"We're investing heavily in new power plants - we're investing about $1 billion in new power plants at the moment. That's from the top of the north to the bottom of the south."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
10426 episodes
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…
continue reading
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…
continue reading
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…
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continue reading
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continue reading
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