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Vector profit jumps 55% with pricing reset funding record Auckland network investment

Vector Limited logoVector Limited
Sig3.62Sen+6.42Env+1.15Soc+2.34Gov+0.82

Vector reported a 55% jump in annual profit to $240.2 million after its first full year under new electricity distribution pricing rules, with revenue up 18% to $905 million. It invested a record $512 million in Auckland’s electricity network and connected over 13,000 new homes and businesses. A final dividend rose to 13.5 cents; Entrust holds 75.1% of shares.

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