GAS

AlintaGas powers along with strong half year result

West Australian gas retailer AlintaGas announced profits rose 22 per cent to $31.97 million for t...

The company said the strong result was driven by growth from all parts of the business and reduced operating costs. Lower tax and interest rates as well as higher liquefied petroleum gas export volumes also helped the bottom line.

While the broader remained flat, shares in AtlintaGas rose 6c to $3.61 at time of writing. Last week the Perth-based company announced it had signed a memorandum of understanding with east coast-based NRG Asia Pacific to look at electricity opportunities in WA.

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