Photo: RNZ / Nate McKinnon
In the first of the results from the big power retailers, Contact Energy's full year net profit is up 41 percent to more $331 million.
Excluding one-time items, the energy generator and retailer's the underlying profit is up 17 percent to $774m, boosted by a strong lift in geothermal generation, as well as improved sales.
Domestic gas production was down 20 pct, driving up Contact's wholesale prices.
Other results are due this week and next. Kathryn speaks to RNZ's Business editor Gyles Beckford.
