NZ Windfarms Annual General Meeting FY20 Highlights | NZ Market Update

NZ Windfarms Limited (NZX:NWF) reported its total revenue of NZ$ 11.5 million, 36.9% higher than the previous year. EBITDAF soared up by 77.7% from the FY19 to a new high of NZ$ 8 million and reported Net Profit after Tax (NPAT) for FY20 stood at NZ$ 1.7 million, 183.3% up from the previous level.

The company reported annual power generation was 118.4 GWh. The company is planning to launch the Variable Volume Fixed Price Agreement renewal process. NWF paid a final dividend of 0.70 cents per share (unimputed) on June 30, 2020. COVID-19 Lease Dispute Resolution Investment

Ministry of Justice has contracted New Zealand Disputes Resolution Centre, NZDRC for offering completely funded mediation and arbitration services to eligible parties to commercial leases which are facing a dispute over the rent and outgoings payment. The Ministry of Justice has asked NZDRC to deliver fully funded arbitration and mediation services to these parties where the tenant, due to Alert Level 3 or 4 lockdown, has experienced a material loss of revenue. The only issue in dispute that can be referred to under the Scheme is where the tenant has undergone a material loss of income due to the government imposed strict lockdown restrictions.

RBNZ Releases its 2019/20 Annual Report; Commits to Maintain Financial Stability of New Zealand

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