The New Zealand company’s expected Earnings before Interest, Tax, Depreciation and Amortisation and Financial Instruments (EBITDAF) for the financial year to June 2010 is expected to close to NZ$315m ($223m).
Fiscal year 2009 saw EBITDAF at NZ$445.4m, when very high hydro volumes coincided with very high wholesale prices in the winter of 2008, providing a significant one-off benefit to earnings, according to the company.
