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IFN - Infigen Energy News Story

A$0.93 0.0  0.0%

Last Trade - 02/11/20

Sector
Utilities
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £163.4m
Position in Universe th / 1908

Australia's Infigen Energy forecasts weaker fiscal 2021

Mon 3rd August, 2020 12:24am
Aug 3 (Reuters) - Takeover target Infigen Energy Ltd
 IFN.AX  said on Monday it expects its revenue and core earnings
in fiscal 2021 to be materially lower than fiscal 2020, as it
grapples with a substantial drop in wholesale electricity
prices.
    The company also said in a statement that it expects to book
non-cash losses of A$15 million to A$20 million ($10.7 million
to $14.3 million) on its contracted assets in fiscal 2020. 
     Infigen is set to report its full year results on Aug. 20. 
    ($1 = 1.4002 Australian dollars)

 (Reporting by Shriya Ramakrishnan in Bengaluru; Editing by
Jacqueline Wong)
 ((Shriya.Ramakrishnan@thomsonreuters.com; +91 8061822842 ;))
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