David's mix of skills and experience makes him best suited to leading Contact through the next phase of its development. |
The main drivers of the result have been the improved contribution from exploration and production, a strong performance from the retail business and an initial contribution from Contact Energy, |
While wholesale electricity prices are likely to rise over this period, it's not expected that these prices will keep pace with the increase in Contact's fuel costs. There will be significant pressure on the company's trading margins. |