The energy company was down 15c or 3.55 per cent to $4.07 after reporting a 26.8 per cent rise in profit. Solid company results continue to flow through, and instead the market has shrugged its shoulders and neared correction territory with its 13th drop in 16 trading days this month. There 55 gainers and 89 decliners over the whole market on heavy volume of 61.7 million share transactions worth $214.57 million. Summerset is paying an interim dividend of 7c a share on March 22. It is paying an interim dividend of 12 a share on March 24.

Source: New Zealand Herald February 23, 2021 05:40 UTC