27 Aug 2011

Powerco profit rises to $27m

7:31 pm on 27 August 2011

Powerco has lifted its full-year profit by a third.

The electricity and gas distributor made $27 million in the year to the end of June, compared with $20 million a year earlier.

Revenue rose almost 2% to $363 million.

Chairman Rick Bettle says it's a good result in light of the recent economic downturn.