BRIEF-Infigen Energy Posts FY Revenues From Ordinary Activities Up 13.9% $293.2 Mln
Reuters
Published Aug 20, 2020 12:53
Aug 20 (Reuters) - Infigen Energy Ltd IFN.AX :
* FY REVENUES FROM ORDINARY ACTIVITIES UP 13.9% $293.2 MILLION
* FY NET PROFIT ATTRIBUTABLE DOWN 91.5% TO $3.5 MILLION
* DID NOT DECLARE A DISTRIBUTION IN RELATION TO SIX-MONTH PERIOD
* IN FY21 EXPECTS TO GENERATE & SOURCE 2.2-2.3 TWH OF RENEWABLE ENERGY TO BE SOLD VIA ITS 3 CHANNELS TO MARKET
* EXPECTS ITS NET REVENUE AND EDITDA TO BE MATERIALLY LOWER IN FY21 COMPARED TO FY20
* SEES FY21 ASSET OPERATING COSTS ABOUT $50M-$60M AND BUSINESS OPERATING COSTS ABOUT $30M
* ANNOUNCED INDEFINITE SUSPENSION OF DISTRIBUTIONS
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Written By: Reuters
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