Bright Spark Infrastructure tips better distributions
Author: The Australian Date Posted:26 August 2014
Spark Infrastructure says it is on track to deliver its budgeted distributions growth this year after higher prices offset falling electricity volumes to deliver a 17 per cent rise in net profit. The owner of Victorian and South Australian electricity distribution companies also benefited from lower gearing and a gain on the value of derivative instruments used to build a 14 per cent stake in DUET Group.
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