The Australian, 12 May 2009, Cynthia Koons
SP AusNet today said full-year net profit fell 6.7 per cent to $146.9 million, as it called a $415 million capital raising.
Revenue from continuing operations rose 11 per cent to $1.17 billion, compared with the previous year’s result, SP AusNet said.
The energy infrastructure concern announced a final distribution of 5.927 cents per security.
SP AusNet also announced a capital raising of up to $415 million, and its shares have entered a trading halt.
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Related News:
SP AusNet Seeks to Raise A$415 Million in Share Sale - Bloomberg
SP AusNet to raise up to $318 mln; cuts distribution - Reuters UK
SP AusNet profit dips, joins rush for cash - The Age
SP AusNet to raise $415m as profit dips 6.7% - Business Spectator
