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