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market release 23 February 2021 vector VECTOR ANNOUNCES HALF YEAR GROWTH • Group net profit after tax of $ 102.1 million , $ 21.6 million or 26.8 % higher than the prior year . • Interim dividend 8.25c ; imputation at 10.5 % • Adjusted EBITDA of $ 273.8 million , up $ 9.3 million or 3.5 % on last year . . AWS strategic alliance progresses advanced metering platform • • Record capex investment in Auckland growth • Improvements in electricity network reliability as measured by SAIDI EV smart charging trial hits half - way mark focusing on customer behaviours and preferences and resulting network impacts Vector Group ( NZX : VCT ) today announces a solid result for the first half of the 2021 financial year , with adjusted earnings before interest , tax , depreciation and amortisation ( adjusted EBITDA ) ¹ of $ 273.8 million , up $ 9.3 million or 3.5 % on last year . Vector Chair Jonathan Mason said , “ Despite the uncertainties that have arisen due to COVID - 19 , the Group has delivered a pleasing start to the 2021 financial year . Group net profit after tax was $ 102.1 million , which was $ 21.6 million or 26.8 % higher than the prior year . " We are continuing to invest in innovative technologies and infrastructure that support our customers , with significant levels of activity underway within Vector which will transform the way we all think about and consume energy . Operationally , we are proud of the concerted efforts by the Vector team and our field service providers to improve our electricity network reliability ( SAIDI ) by 21 % . 1 EBITDA and Adjusted EBITDA are non - GAAP measures which the directors and management believe provide useful information as they are used internally to evaluate performance of business units , to establish operational goals and to allocate resources . See page 22 of the interim financial statements for further details or click on this link to see Vector's policy . creating a new energy future