The markets believe the result will mean an asset shake-up with United Energy reviewing its stake in Pulse Energy and Edgecap as well as looking to acquire Melbourne-based electricity distributor, CitiPower.
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SOLUTIONS
ELECTRICITY
Big fall in United Energy profit, asset shake-up likely
United Energy this week reported a 63.6 per cent fall in net profit to $47.1 million for the year to December. The $30.2 million asset write-down of its stake in Pulse Energy and Edgecap was instrumental in the profit dive, according to United.
14 February 2002
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