Contact Energy Limited ( (COENF) ) has released its Q4 earnings. Here is a breakdown of the information Contact Energy Limited presented to its investors.
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Contact Energy Limited, a prominent player in New Zealand’s energy sector, is dedicated to the decarbonization of the country’s energy supply through significant investments in renewable energy projects. The company’s latest earnings report highlights a year of robust growth and strategic investments, including the completion of $1.2 billion in new renewable generation projects and the acquisition of Manawa Energy, enhancing its hydro generation capabilities. Key financial metrics show a 17% increase in EBITDAF to $774 million and a profit after tax of $261 million, reflecting effective risk management and investment in geothermal capacity. Looking forward, Contact Energy remains committed to its Contact26 strategy, aiming to lead New Zealand’s transition to a renewable energy future, while ensuring energy affordability and reliability.