Infigen Energy Q4 production & revenue fall but rise FY17

Company News

by Jessica Amir

Infigen Energy (ASX:IFN) has reported a 14 per cent rise in revenue to $196.7 million in the FY2017, compared to the prior corresponding period.

The energy developer, owner and operator meantime reported its FY17 production rose just by 1 per cent, compared to FY16.

For the fourth quarter of 2017, not such good news though, its production, production sold and revenue all fell over 35 per cent compared to the corresponding quarter of 2016.

The company says it experienced weaker fourth quarter production due to below average wind conditions in NSW and SA.

Shares in Infigen Energy (ASX:IFN) are trading 1.99 per cent higher to $0.77
 

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