Infigen Energy delivers strong financial performance, NPAT up by 24%

  • Feb 22, 2020 AEDT
  • Team Kalkine

Australia’s one of the leading renewable energy producer, Infigen Energy (ASX: IFN) in its half-yearly report showcased effective financial results. The trend of Australian Commercial and Industrial customers shifting towards green energy prompted the increase in Infigen’s renewable energy sales by 17%.

The key financial highlights for the H1FY20 results ending 31 December 2019 are the following:

  • Net Revenue increased to $134.3 million acknowledging the rise of 13%
  • Underlying EBITDA of $98.2 million observing growth by 11%
  • 24% increase in NPAT to $26.2 million
  • The interim dividend of 1 cent declared per security

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report  Top Dividend Stocks to Consider in 2020

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK