Council Misses Out On Powerco Payout

Summary


THE New Plymouth District Council will miss out on about $9 million in Powerco dividends in December.

On the same day as Finance Minister Michael Cullen approved the sale of Powerco to Prime Infrastructure, Powerco released its half- year result.

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Extract


Council Misses Out On Powerco Payout

Powerco recorded a half-year unaudited post-tax profit of $37 million for the six months to September...

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