Meridian Energy has boosted profits by 29% over the last financial year.
They returned a profit of $250+ million.
This profit was achieved despite a price freeze (still in place.)
The CEO declared an “outstanding performance”- before tax earnings of $641+ million.
Despite all this he also declared prices were not high enough (“to meet long-term energy costs”).
Oh! And the final dividend to the Government was $68+ million after and interim dividend of $89+ million so they aren’t likely to argue on the consumers’ behalf are they?