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Increased Profit Posted By Power Lines Company

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Profit has jumped 46 per cent for customer-owned Unison Group.

It achieved an after-tax profit of $40.7 million, compared with $24.6 million for the previous year to March.

An increased dividend of $12.7 million, from last year’s $9.7m, will be paid to Hawke’s Bay Power Consumers’ Trust, which owns Unison on behalf of Napier and Hastings power consumers, on August 2. Last year’s cheque to the 55,000 customers was for $150.

Retiring Unison chairman Kevin Atkinson said it was in its best-ever financial position and profits were expected to continue rising thanks to subsidiary investments such as ETEL’s purchase of Lucky Light Globalindo in Indonesia.

Photo: Unison Networks chairman Kevin Atkinson has been lauded for guiding the company to increased profitability and reliability.

For morCapturee on this and other great Hawke’s Bay stories go to hawkesbaytoday.co.nz

Posted: 12 August 2017

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