March 24 (Reuters) - Tpc Consolidated Ltd (TPC)
- Recent soaring in wholesale electricity and gas prices potentially has an adverse impact on company's energy business performance.
- Over past three months company has experienced uncontrollable events that have had an adverse impact on cost of electricity and gas
- "These circumstances are expected to continue into foreseeable future"
- It is difficult to forecast results for second half of financial year.
- Events have contributed to increased volatility and greater uncertainty, leading to substantial increase in costs in energy futures market
- Recent cost increase has potential to adversely affect co's performance which impacts co's previously stated outlook for fy 2017
- Final decision to decommission hazelwood coal fired generator will reduce electricity supply and has changed market dynamics
News: TPC TPC Consolidated Ltd updates on potential impact from unexpected events
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Mkt cap ! $114.4M | |||
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|---|---|---|
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