Mike Fuge: Contact Energy CEO on the company's reported increase in half-year net profit

Contact Energy has reported an increase in net profit and says it expects to finalise a more generous electricity deal with Tiwai Point aluminium smelter. It's recorded a net profit of $153 million for the six months to December. CEO Mike Fuge says he's optimistic about a better long-term agreement with Rio Tinto. "We've been really clear, there are three things- and like any negotiation, it's a two-way street." LISTEN ABOVESee omnystudio.com/listener for privacy information.