Contact to release results early

The electricity generator and retailer will publish unaudited results for the year to September next week well ahead of the previously announced release date of November 22.

Analysts are picking Contact will post a net profit of over $100 million, as the power company took advantage of a dry, cold winter to boost returns from the gas generation side of its business.

Contact's independent directors have appointed Grant Samuel and Associates to carry out an independent appraisal of Edison's offer of $3.85 a share.

Since Edison's bid, Contact's share price has been trading above the offer price, on Monday closing up 7 cents at $3.98.

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