Meridian Energy sales down in June 2016

Company News

by David Chau

Meridian Energy Ltd (ASX:MEZ) has released its monthly operating report for June 2016.

Meridian says last month was the third-warmest June on record.

The company also says national electricity demand in June was 1.8% lower compared to the same period last year.

As for retail sales, Meridian says it fell by 2.6% in June this year, compared to the previous corresponding period. The company says this was because of lower corporate sales volumes and warmer temperatures.

Meridian Energy reported a net profit of $97.5 million at 31 December 2015.

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