Mercury's achieved a strong return to profit. 

BusinessDesk says the energy company's half year earnings before interest to December 31- reached $537 million.

It recorded a net $20 million dollar profit - up from a $67 million loss last year. 

Chief executive Stew Hamilton says they're doing well and don't need to raise capital. 

"We've been disciplined in how we manage our money, how we earn our money and spend it, so we're investing wisely, performing strongly - and I think that gives us options."

LISTEN ABOVE

Mercury's achieved a strong return to profit.&nbsp;
BusinessDesk says the energy company's half year earnings before interest to December 31- reached $537 million.
It recorded a net $20 million dollar profit - up from a $67 million loss last year.&nbsp;
Chief executive Stew Hamilton says they're doing well and don't need to raise capital.&nbsp;
"We've been disciplined in how we manage our money, how we earn our money and spend it, so we're investing wisely, performing strongly - and I think that gives us options."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Stew Hamilton: Mercury Energy CEO on the company returning to profit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b221b4f6-1e87-4c7d-9b07-b3fb00525ceb/transcript