Mike Fuge: Contact Energy CEO on the company's reported increase in half-year net profit
Heather du Plessis-Allan Drive · Newstalk ZB
February 19, 20243m 51s
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Show Notes
Contact Energy has reported an increase in net profit and says it expects to finalise a more generous electricity deal with Tiwai Point aluminium smelter.
It's recorded a net profit of $153 million for the six months to December.
CEO Mike Fuge says he's optimistic about a better long-term agreement with Rio Tinto.
"We've been really clear, there are three things- and like any negotiation, it's a two-way street."
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Topics
businessprofitenergy