Poor old Contact Energy has had a 15% drop in profit according to the Dompost. Electricity prices down, gas and transmission costs rising...

David Baldwin (CEO) said it was a "a pleasing annual result...a good result for the company's shareholders". Optimistic guy! So good they have paid 17cps dividend. Dividends for the full financial year are up 1c.

That might be good for shareholders, imagine if they had made a small profit. Would that have been a great year? Is describing a 15% loss as a good result cruel and unusual punishment of the English language?







It still managed