SP AusNet profit down 11.9% to A$146.2m

Increased half-year revenues and profit before tax were offset by a higher income tax expense.

A company announcement said this was primarily due to significant income tax benefits booked in the prior corresponding half associated with tax consolidation legislation amendments, investment allowance deductions and research and development deductions.

Singapore Power International Pte Ltd, a wholly owned subsidiary of Singapore Power Limited, owns a 51% interest in SP AusNet.

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