Figures released by the NSW Audit Office show the state government's electricity companies earned a combined profit of $1.54 billion in the year to June, up...

Livewire News
Livewire News Livewire

Figures released by the NSW Audit Office show the state government's electricity companies earned a combined profit of $1.54 billion in the year to June, up from $1.03 billion a year earlier. Surging profits pushed the electricity companies' return on equity to 15.2 per cent, from 10.7 per cent, well ahead of most ASX-listed industrial companies which earn closer to 10 per cent, and on a par with the big four banks which earn around 14 per cent to 15 per cent. (VIEW LINK)

Australia energy industrials

Comments

Please sign in to comment on this wire.