Production and Revenue Q4 FY15

Production and Revenue Q4 FY15

31 July 2015

Infigen Energy (ASX: IFN) today announced its production and revenue for the three months ended 30 June 2015 (Q4 FY15).

On 15 July 2015 Infigen announced that it has agreed to sell its US wind business. This, and future, quarterly production and revenue reports will therefore cover Infigen’s Australian business only.

Infigen will release its audited full year FY15 financial results on 31 August 2015. Accordingly, the following FY15 production and revenue results remain subject to audit review.

Q4 FY15
  • Production was 76 GWh, up 14% on the prior corresponding period (pcp)
  • Revenue was A$34.0 million, up 16% on the pcp   
 Q4 FY15Q4 FY14% CHANGE

 

Production (GWh) 376 330 14
Revenue (A$m) 34.0 29.3 16
Price (A$/MWh) 90.4 88.8 2
FY15
  • Production was 1,459 GWh, down 7% on the pcp
  • Revenue was A$133.8 million, down 8% on the pcp 
FY15 FY14 % CHANGE
Production (GWh) 1,459 1,572 (7)
Revenue (A$m) 133.8 145.4 (8)
Price (A$/MWh) 91.7 92.5 (1)

Production of 376 GWh for Q4 FY15 was 14% or 46 GWh higher than the pcp due to better wind conditions at all sites except Capital and Woodlawn.

Revenue of A$34.0 million for Q4 FY15 was 16% or A$4.7 million higher than the pcp primarily due to higher production and higher Large-scale Generation Certificate prices.

Commentary on FY15 production and revenue outcomes will be provided with the FY15 results.

 

ENDS

 

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

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