Orion profit $49.9m

Electricity network company Orion has posted a $49.9 million profit, with $44 million in dividends going back to owners Christchurch City Council and Selwyn District Council.

The power company had returned $940 million of dividends to its shareholders in the 16 years since it was corporatised. Orion provides power to about 190,000 homes and businesses.

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