Bloomberg.com, 20 Nov 2008, Angela Macdonald-Smith
Nov. 20 (Bloomberg) -- SP AusNet, the Australian electricity and gas distributor majority owned by Singapore Power Ltd., said first-half profit fell 23 percent after a charge for the replacement of meters in Victoria state.
Net income dropped to A$92.2 million ($59 million) in the six months ended Sept. 30, from A$119.6 million a year earlier, Melbourne-based SP AusNet said today in a statement. Sales rose 8.9 percent to A$635.5 million.
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