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.

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Staff Reporter

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