Powerco profit jumps 348% as ‘paper’ derivative gains lift result

Powerco profit jumps 348% as ‘paper’ derivative gains lift result

PremiumHome / Business / Companies / EnergyKate MacNamaraBusiness Journalist·NZ Herald·17 Aug, 2026 04:55 AM4 mins to read‌CDC Data Centres CEO Greg Boorer on how a planned facility in Taranaki will use water and electricity. Video / Ryan Bridge TODAYPowerco New Zealand Holdings, which owns the North Island electricity lines company Powerco, posted a 348% profit increase in the year to March, however much of the change relates to the “paper” value of derivatives. The company’s profit after tax was $111.9 million in the year to March 31, AdvertisementAdvertise with NZME.

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