Company Profile For Contact Energy Limited

Contact Energy Limited (CEN.NZ) (New Zealand Stock Exchange)

sector: Utilities · industry: Utilities - Multiline ·

As of 10:04am IST

6.00NZD

Price Change

+0.10

Percent Change

+1.69%

Analyst Recommendations

Overview

Contact Energy Limited is a diversified and integrated energy company, focusing on the wholesale generation of electricity and the retail sale of electricity, natural gas and liquefied petroleum gas (LPG), and related services in New Zealand. The Company operates in two segments: retail and generation. The retail segment encompasses any activity that is associated with the Company’s supply of energy and related services to end-user customers. The generation segment encompasses any activity that is associated with the Company’s generation of electricity or steam and its sales to the wholesale electricity market. It also includes all activities in relation to the gas storage facility at the Ahuroa reservoir, including the cushion gas required to enable the field to be used for storage.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 30 June 2009, Contact Energy Limited's revenues decreased 19% to NZ$1.24B. Net income decreased 50% to NZ$117.5M. Revenues reflect decreased income from wholesale electricity, lower gas revenue and decreased other revenue. Net income also reflects by increased LPG purchases expenses, a rise in other operating expenses and higher depreciation & amortisation expenses.