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BRIEF-TPC Consolidated Ltd updates on potential impact from unexpected events
March 24, 2017 / 8:00 AM / 7 months ago

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

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:

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