Infigen Announces Second Quarter FY16 Production And Revenue

INFIGEN ANNOUNCES SECOND QUARTER FY16 PRODUCTION AND REVENUE

29 JANUARY 2016

Infigen Energy (ASX: IFN) today reported unaudited production and revenue for the three months ended 31 December 2015. Infigen will release its FY16 interim financial results (H1 FY16) on 25 February 2016. Accordingly, the following H1 FY16 production and revenue results remain subject to audit review.

Q2 FY16 Q2 FY15 % Change
Production (GWh) 361 361
Revenue (A$m) 43.0 32.5 32
Price (A$/MWh) 119.1 90.0 32

Production of 361 GWh for Q2 FY16 was in line with the prior corresponding period (pcp).

Revenue of $43 million for Q2 FY16 was 32% or $10.5 million higher than the pcp primarily due to higher Large-scale Generation Certificate (LGC) and electricity prices.

The average bundled price for sales of electricity and LGCs was $119.1/MWh, up $29.1/MWh or 32%.

H1 FY16 H1 FY15 % Change
Production (GWh) 754 736 2
Revenue (A$m) 83.4 65.6 27
Price (A$/MWh) 110.6 89.1 24

Production of 754 GWh for H1 FY16 was 2% or 18 GWh higher than the pcp.

Revenue of $83.4 million for H1 FY16 was 27% or $17.8 million higher than the pcp.

The average bundled price for sales of electricity and LGCs was $110.6/MWh, up $21.5/MWh or 24%.

 

ENDS

 

For further information please contact:
Richard Farrell
Group Manager, Investor Relations & Strategy
Tel +61 2 8031 9900

 

Infigen announces second quarter FY16 production and revenue

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