SP Ausnet FY profit falls

Group's full-year profit declines 34% as ATO payments weigh on result.

SP Ausnet (SPN) posted a 34.8% drop in full-year net profit as payments to the Australian Taxation Office and SPI Management Services weighed.

In the year to March 31, SP Ausnet reported a net profit attributable to members of $178.3 million, down from $273.5m in the previous year.

Revenue grew 9.8% in the year, lifting to $1.799 billion, from $1.640bn in 2013.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles