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BRIEF-Erm Power expects Australian Retail gross margin for FY2017 to improve to about $3.50/MWh

Published 30/03/2017, 04:56 pm
© Reuters.  BRIEF-Erm Power expects Australian Retail gross margin for FY2017 to improve to about $3.50/MWh
EPW
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March 30 (Reuters) - Erm Power Ltd EPW.AX

* Also expects its australian retail gross margin for fy2018 to improve to about $3.50/mwh, which is materially above current market consensus.

* ERM POWER is realising improved margins with positive results from forward sales, portfolio optimisation and risk management activities.

* Expected outlook for its australian retail gross margin for fy2017 to improve to about $3.50/mwh, from a previously advised $3.00/mwh

* "Other components of FY2017 outlook remain broadly in line with announcement made on 23 February 2017." Source text for Eikon: ID:nASX4RkSQ5 Further company coverage: EPW.AX

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