March 24, 2017 / 8:00 AM / 4 months ago

BRIEF-TPC Consolidated Ltd updates on potential impact from unexpected events

1 Min Read

March 24 (Reuters) - Tpc Consolidated Ltd

* Recent soaring in wholesale electricity and gas prices potentially has an adverse impact on company's energy business performance.

* Over past three months company has experienced uncontrollable events that have had an adverse impact on cost of electricity and gas

* "These circumstances are expected to continue into foreseeable future"

* It is difficult to forecast results for second half of financial year.

* Events have contributed to increased volatility and greater uncertainty, leading to substantial increase in costs in energy futures market

* Recent cost increase has potential to adversely affect co's performance which impacts co's previously stated outlook for fy 2017

* Final decision to decommission hazelwood coal fired generator will reduce electricity supply and has changed market dynamics Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below