6.9% rise in net operating cash flows in 1H 2018: Spark Infrastructure Group’s (ASX: SKI) stock fell 0.42% on August 27, 2018 though the company for 1H 2018 reported 5.7% increase in the total revenue to $563.5 million, 7.6% increase in EBITDA to $420.2 million and 6.9% rise in net operating cash flows to $130.3 million.
The company is into an investment in Australia’s utility infrastructure assets, with a focus on Australian electricity networks. The company has declared an interim distribution for 2018 of 8.0 cps, payable on 14 September 2018 and in line with distribution guidance. SKI expects DPS growth of 4.9% to 16.0 cps in FY 18. Meanwhile, SKI stock has risen 8.56% in three months as on August 24, 2018.
1H FY18 Financial Performance (Source: Company Reports)
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