Duet Group reports revenue rise

Company News

by Carolyn Herbert

Duet Group (ASX:DUE) has reported a 5.3 per cent increase in revenue to $853 million for H1 2017.

However there wasn’t much change in the electricity provider’s profit figure, which declined 0.8 per cent to $98.1 million.

EBITDA was higher for the period, up 3.4 per cent to $465.1 million.

Duet paid an interim distribution of 9.25 cents per stapled security, in line with its FY17 distribution guidance.

Proportionate earnings were 6.8 per cent lower than the prior period’s pro forma result, mainly due to a number of non-recurring items.

Carolyn Herbert

Finance News Network
Carolyn joined FNN in August 2015 as the Head of News and also presented the Market at Midday and the Market Wrap. With more than five years of broadcast journalism experience, Carolyn has worked as a finance anchor on the Sky News Business channel and as an anchor and reporter for ABC News. She is also a qualified corporate lawyer specialising in IPOs, takeovers and mergers and acquisitions.