Energy company Genesis almost doubled its half year net profit to 70.3 million dollars after tax. 

Wholesale power prices rose dramatically last winter in response to the dry weather. 

Shareholders will be happy with that, but its customers might not.

Genesis Chief Executive Malcom Johns talks to Ryan Bridge.

LISTEN ABOVE. 

<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 16px 0px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Energy company Genesis almost doubled its half year net profit to 70.3 million dollars after tax. 
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 16px 0px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Wholesale power prices rose dramatically last winter in response to the dry weather. 
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 16px 0px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Shareholders will be happy with that, but its customers might not.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 16px 0px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Genesis Chief Executive Malcom Johns talks to Ryan Bridge.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 16px 0px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">LISTEN ABOVE.

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Malcolm Johns: Genesis Chief Executive on its half year net profit increase, need for renewables, and government input

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2c9c91c6-c799-4f0d-b3ce-b28b005cf926/transcript