April's major storm has put a dent in Vector's bottom line
April's major storm has put a dent in Vector's bottom line
24 August 2018
The Auckland lines company has recorded a net profit of one hundred and 68 point nine million dollars for the year to June - down 11.3-percent on the previous financial year.
Vector says April's fierce storm has caused widespread across Auckland, and soaked up four million dollars in extra repair costs.
Majority shareholder Entrust will keep its an annual dividend at 350-dollars per household.
It's also confirmed it has no plans to reduce its shareholding in Vector.
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