The company said it estimates that, focus on growth opportunities and improve efficiency.
Vector says comfortable with market expectations for net income of $ 180,000,000 to $ 208,000,000 for the year 2010/11.
Chief executive Simon Mackenzie said the result is positive, considering the economic conditions and lower customer demand.
vector of the optical fiber network to play a role in the future.
"He (float) is an option for our growth, we must not forget the fact that 60% of earnings from our regulated business, to invest in more growth," said Mackenzie, National Business Review.
is "In the coming 10-15 years the population of Auckland will increase by about 800,000 people, so that not all happen in 15 years," he said. "We continue to see very strong growth in our core business."
Forsyth Barr analyst Andrew Harvey-Green said Vector had a solid performance with a few surprises.
The first half second half shows the effect of vector comparisons are no longer capable of working on Maui LPG is cheaper.
Maui legacy contracts end vector means EBITDA wholesale gas prices have dropped to $ 22,500,000 in the second semester of $ 41,000,000 in the first year.
Vector announces earnings at end of 7.5ca share for the full year dividend to 14c, compared with 13.75c for the year 2009.
debt reduction, with a level of control, reducing the cost of net debt to $ 167,000,000, down from $ 22,500,000 last year.
At the EBITDA level of corporate profits fell 0.7% to $ 578,100,000.
Electric revenues increased to $ 20,300,000 $ 553,900,000 and EBITDA increased to this part of the business amounted to 6.3% to $ 355,800,000.
Gas transmission has been increased by $ 4,200,000 from $ 194,200,000 to meet and achieve EBITDA of $ 7,300,000 to $ 159,700,000.
Vector owns and operates the electricity distribution network in the city of Auckland, Manukau City and parts of Papakura Vector brand. In North Shore City, Waitakere City and Rodney, operating under the brand name American Vector Networks.
"He (float) is an option for our growth, we must not forget the fact that 60% of earnings from our regulated business, to invest in more growth," said Mackenzie, National Business Review.
is "In the coming 10-15 years the population of Auckland will increase by about 800,000 people, so that not all happen in 15 years," he said. "We continue to see very strong growth in our core business."
Forsyth Barr analyst Andrew Harvey-Green said Vector had a solid performance with a few surprises.
The first half second half shows the effect of vector comparisons are no longer capable of working on Maui LPG is cheaper.
Maui legacy contracts end vector means EBITDA wholesale gas prices have dropped to $ 22,500,000 in the second semester of $ 41,000,000 in the first year.
Vector announces earnings at end of 7.5ca share for the full year dividend to 14c, compared with 13.75c for the year 2009.
debt reduction, with a level of control, reducing the cost of net debt to $ 167,000,000, down from $ 22,500,000 last year.
At the EBITDA level of corporate profits fell 0.7% to $ 578,100,000.
Electric revenues increased to $ 20,300,000 $ 553,900,000 and EBITDA increased to this part of the business amounted to 6.3% to $ 355,800,000.
Gas transmission has been increased by $ 4,200,000 from $ 194,200,000 to meet and achieve EBITDA of $ 7,300,000 to $ 159,700,000.
Vector owns and operates the electricity distribution network in the city of Auckland, Manukau City and parts of Papakura Vector brand. In North Shore City, Waitakere City and Rodney, operating under the brand name American Vector Networks.
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