While the result of the company came as a surprise to many big names in the industry, but the fact of the matter is that TrustPower's consolidated underlying net profit for its first half stood at $63.8 million, which was down 12% as compared to the same period in the last year.

The company further said that its earnings before interest, tax, depreciation, amortisation and fair value movements have seen a fall of 5% standing at $147.7 million.

Moreover, the power generator and retailer said that the lower revenue from the Snowtown wind farm, suffering due to the low wind conditions is partly responsible to such a poor show by the company. It is to be mentioned here that the shares of the company were being traded at a level of close to $7.61 which was down two cents as compared to the Wednesday close.

For the record, TrustPower owns renewable energy assets in New Zealand and owns a 98 megawatt wind farm in South Australia. Chairman Bruce Harker said that while the first six months were challenging for the company, it is expecting to see better results in the Indian next six months.