AST ausnet services limited
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  1. FNN News
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    15/05/13
    11:07
    Post #: 11765602
    .

    SP AusNet (ASX:SPN) hasposted higher full year profits, despite less electricity being distributed because of higher prices.

     

    In the year to March, net profit rose 9.5 per cent to $279.1 million while electricity volumes fell 1.2 per cent.

     

    Full year revenue rose 6.8 per cent to $1.64 billion

     

    A final dividend of 4.1cents has been declared, up from 4 cents, giving an annual payout of 8.2 cents.

     

    The energy distributor saw revenue growth underpinned by the electricity unit, where revenue rose 9.1 per cent.
    AST Price at posting: $1.30 Sentiment: None Disclosure: Held
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