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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 £162.7m
Position in Universe th / 1907

BRIEF-Infigen Sees FY21 Net Rev, EBITDA Materially Lower Than FY20

Mon 3rd August, 2020 12:12am
Aug 3 (Reuters) - Infigen Energy Ltd  IFN.AX :
    * SEES NON-CASH LOSS ON FAIR VALUE OF DERIVATIVE FINANCIAL
INSTRUMENTS ON CONTRACTED ASSETS IN ORDER OF $15-20M IN FY
    * Q4 NET REVENUE $47.1 MILLION VERSUS $63.5 MILLION
    * SEES PROVISION FOR FEES RELATED TO CHANGE OF CONTROL
TRANSACTIONS OF ABOUT $8M IN FY20
    * Q4 GENERATION SOLD 451 GWH VERSUS 433 GWH
    * ANNOUNCES NET REVENUE AND EBITDA IN FY21 TO BE MATERIALLY
LOWER
THAN FY20
    * INFIGEN SEES NON-CASH LOSS OF $17-19M FROM INTEREST RATE
SWAPS
WITH RESPECT TO CORPORATE FACILITY BEING CLASSED AS INEFFECTIVE
IN FY

Source text for Eikon:  ID:nASX626CrP 
Further company coverage:  IFN.AX 

 ((Reuters.Briefs@thomsonreuters.com;))
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