Victorian energy operator AusNet Services has lifted first half profit to $374.5 million, thanks in part to tax benefits.
The net profit for the six months to September 30, which compared to a $4.9 million loss for the prior corresponding period, included a $131.5 million tax benefit arising from a company restructure and another $28.1 million from the settlement of a dispute with the Australian Taxation Office.
Earnings before interest, taxation, depreciation and amortisation rose 22.9 per cent to $650.4 million, largely due to increased prices and volumes in electricity and gas distribution.
The company will pay an interim dividend of 4.265 cents per share fully franked, up from a distribution of 4.180 cents, which included 1.980 interest income, a year ago.
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