NZ Windfarms (NZX:NWF) offers stable full-year results, discusses future plans

August 29, 2021 08:37 PM PDT | By Roma

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NZ Windfarms (NZX:NWF) offers stable full-year results, discusses future plans — Image source: Space-kraft, Shutterstock.com

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Highlights

Robust full-year results announced by NZ Windfarms.

The company announces dividend of 0.45cps and EBITDAF guidance of NZ$7.8 million to NZ$8.6 million.

Moving towards a sustainable future, the Company strategises its future plans.

The full year results as announced by NZ Windfarms Limited (NZX:NWF) was indicative of its transition into a stable and more rewarding business for shareholders. The NPAT offered by the Company for the period till 30 June 2021 was NZ$0.3 million while the profit before tax was recorded NZ$0.5 million.

The second-highest EBITDAF stood at NZ$5.1 million as compared to NZ$8.0 million, while the Second-Highest Net Electricity revenue was said to be NZ$9.7 million as compared to NZ$11.5 million in pcp. The second-highest operating cash flow was recorded at NZ$4.9 million as compared to NZ$7.6 million in pcp. This year, despite having been an uncharacteristically low-wind year, sustained these results.

Making a shift towards sustainable operations

This Company known for being the operator and owner of a wind farm in Te Re Hau, which accommodates 92 turbines, is responsible for powering as many as 16,000 homes. The announcement further shed light on how the country is currently witnessing a shift towards mindfulness about carbon emission and making collective efforts towards enabling business to become more responsible in this regard, emitting as less of a carbon footprint on the planet as possible.

Understanding its responsibility and position towards being able to fulfil this aim, there are several strategic changes being made in the ways things function. This will not only help in giving a direction to the shareholders about the future of the organisation but will also mean material development for the Company, which will set its tone for future growth and development while keeping in mind the goal of sustainability.

Dividend and policy

, The Company also announced a final dividend of 0.45cps as compared to 0.70cps recorded in 2020. There has been a 70%-100% free cash flow dividend policy adopted by the Company.

Don’t miss: Is NZ Windfarms (NZX:NWF) a dividend-paying stock?

Bottom Line

In terms of predicting future results, the EBITDAF Guidance for FY2022 was said to be NZ$7.8 million to NZ$8.6 million. It shall be seen how the Company achieves these goals together with keeping in mind sustainability plans and other pandemic-related obstacles.

On 30 August 2021, the Company traded at NZ$0.265, down by 3.64%, at the time of writing.

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