NZSE:MCYElectric Utilities
Mercury NZ (NZSE:MCY) Stock Margin Gains Meet Capex And Hydrology Questions
Mercury NZ went into the result priced as a premium utility, trading on a P/E of 30.2x and slipping slightly over the past three months. The earnings story now in front of you is all about scale and margins. The stock closed at NZ$6.81 on the day of the release, while the company reported NZ$1,068m in earnings before interest, tax, depreciation, amortisation and fair value, and a 10% net profit margin over the past year. For a gentailer, that combination is the real headline and it is what...