Update: Contact Energy New Zealand Shares Down 1%; Fiscal 2024 Revenue Rises 35%, EPS Up

(Updates to add stock price movement in the headline and first paragraph, as well as company outlook in the last paragraph; tightens to conform)Contact Energy's (ASX:CEN, NZE:CEN) shares were down more than 1% in intraday trading in Wellington on Monday after the company reported its fiscal 2024 earnings.Underlying profit per share for the 12-month period ended June 30 was NZ$0.291, compared with NZ$0.269 in the year-ago period.Underlying profit was NZ$230 million, an increase of 9% from NZ$211 million a year ago.Total revenue was NZ$2.86 billion, up over 35% from the year-ago period.The power producer declared a dividend of NZ$0.230 payable on Sept. 27 to shareholders of record as of Aug. 28.Over the next twelve months, Contact Energy expects to operate more than 200 megawatts of newly constructed geothermal power stations and build renewable projects on the back of its decarbonization goal, according to its filing.

Update: Contact Energy New Zealand Shares Down 1%; Fiscal 2024 Revenue Rises 35%, EPS Up

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